Jho Low told bank about TIA two years before it was formed, 1MDB trial hears


Relevant documents in Najib's RM2.3bil 1MDB graft trial being taken into the High Court on Oct 13. – BERNAMApic

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.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

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!
   

Next In Nation

Kelantan government now requires halal certification for F&B licence renewal
Customs seize smuggled cigarettes, alcohol worth over RM1.6mil
Thai woman fined RM9,000 for having packet cooking oil without permit
Indonesian woman seeks Federal Court leave to appeal for son's citizenship
Use rail transport to reduce road accidents, suggests retired senior cop
SSPA: Avoid excessive, unnecessary loans following salary increase, says Cuepacs
HK-Taipei is busiest international airline route in 2024, knocking KL-Singapore from top spot
No Malaysians affected by Mozambique unrest, says Wisma Putra
Warehouse manager charged with illegal transfer of controlled goods
Ring in the New Year at these epic spots in Malaysia

Others Also Read