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Malaysia seeks to arrest figures related to 1MDB case

Malaysia on June 7 issued an arrest warrant against financier Low Taek Jho, also known as Jho Low, to question him over involvement in a graft scandal at state fund 1Malaysia Development Berhad (1MDB), according to international media.
Malaysia seeks to arrest figures related to 1MDB case ảnh 1Malaysia has issued an arrest warrant against financier Low Taek Jho (Photo: mole.my)

Hanoi (VNA) – Malaysiaon June 7 issued an arrest warrant against financier Low Taek Jho, also knownas Jho Low, to question him over involvement in a graft scandal at state fund1Malaysia Development Berhad (1MDB), according to international media.

The Malaysian Anti-CorruptionCommission (MACC) also sought to arrest Nik Faisal Ariff Kamil, a director ofSRC International, a former 1MDB unit.

Warrants were also beingprepared for Roger Ng, a former Goldman Sachs Group Inc banker, and 1MDB'sex-chief Shahrol Halmi.

The committee is contacting JhoLow’s lawyers and authorities of several countries in order to take him back toMalaysia for questioning.

Jho Low did not hold any officialrole in the fund, and only worked as an advisor on investments and negotiationsdeals for 1MDB.

The MACC issued a notice for Lowand Nik Faisal to contact the commission immediately to help in itsinvestigation. Low, through his lawyers, said he would cooperate.

1MDB is an investment fundformed by former Malaysian Prime Minister Najib Razak in 2009 with an aim toserve the country’s socio-economic development.

Former PM Najib was accused forthe loss of billions of US dollars in transactions with other countries throughthe 1MDB.

However, the fund representativeand Najib repeatedly rejected the accusation.

The newly-elected PM MahathirMohamad said that he will re-investigate the case and is determined to reclaimthe loss.-VNA
VNA
#Low Taek Jho #Jho Low #1Malaysia Development Berhad #1MDB #Malaysian Anti-Corruption Commission #Nik Faisal Ariff Kamil #former Malaysian Prime Minister Najib Razak #Vietnamplus #Vietnam News Agency Malaysia
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