KUALA LUMPUR: Fugitive businessman Low Taek Jho or Jho Low told AmBank his team was looking to set up a sovereign wealth fund – the predecessor of 1Malaysia Development Berhad (1MDB) – two years before it was officially formed, the High Court here heard.
Joanna Yu Ging Ping, 51, a former relationship manager at the bank, said she was introduced to Jho Low, Tan Vern Tact and Nik Faisal Ariff Kamil by her then team leader, Chan Wan Seong, in 2007.
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