FBI: Jho Low stole US$1.42bil and Najib got US$756mil


NEW YORK: Fugitive financier Jho Low, the alleged mastermind of the 1MDB scandal, stole US$1.42bil from three bond transactions that Goldman Sachs Group Inc arranged for the wealth fund, an FBI agent who traced the funds testified.

In addition to his testimony about Low, Federal Bureau of Investigation agent Eric Van Dorn said that former Prime Minister Datuk Seri Najib Razak reaped US$756mil of the US$6.5bil raised in the bond offerings, while his stepson Riza Aziz pocketed US$238mil.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Jho Low , 1MDB , scandal , Goldman Sachs Group Inc , FBI

   

Next In Nation

Queen embarks on official visit to Labuan, engages with local communities, students
MetMalaysia issues advisory on Tropical Storm Yinxing
Over 12,000 caught vaping in school this year, Dewan Rakyat told
Woman caught trying to smuggle syabu into Indonesia from Sebatik Island
Security concerns an issue in reopening shortcut to BSI CIQ, says Johor exco man
China's shared future principle inspired Malaysia's BRICS participation, says Anwar
Businessman demands RM1.3mil from JPJ, Transport Ministry over 'Madani' plate copyright
Northeast monsoon: Be alert to weather conditions, alerts, says Zahid
Putrajaya may consider Ocean Infinity proposal for new MH370 search
Police to investigate cat abuse incident in Pandan Jaya

Others Also Read