Jho Low

DUBAI: The alleged mastermind behind Malaysia's 1Malaysia Development Bhd scandal has been sentenced in absentia to 10 years' hard labour in Kuwait for ...

The Kuwaiti criminal court has now published its judgement against what it describes as an “organised criminal group” consisting of Jho Low; Sheikh Sabah, ...

Jho Low had announced he was keen to buy into a network of banks and told his Kuwaiti contacts he was also engaged in buying into a bank in Cyprus (a matter [already exposed in Sarawak Report](https://www.sarawakreport.org/2019/11/another-bank-sucked-into-1mdb-laundromat-scandal-along-with-us-commerce-secretary/)). In return the invoices which had been presented to Sheikh Sabah c/o Al Waseet were paid out of the CG account and not Al Waseet. June 2016 – Jho receives a phone call while in Kuwait and tells his co-conspirators that China has just agreed to “sort out the silly stuff” in return for an ECRL project ‘upgrade’ with $3bn ‘commission’ to Najib that would come through Kuwait. By now Jho Low was a known financial fugitive on the run and this would be processing a vast sum of stolen money on his behalf through a respectable company with international clients. Instead it described the Silk Road project as a “Development Fund to be jointly sponsored by the designated investors from the State of Kuwait and People’s Republic of China”, as if it were a state to state affair. An observer connected to Al Waseet says the money was not needed in these early stages and that none of the urgency made sense. Sheikh Sabah only owned a 20% share of the actual Al Waseet group, however the bogus subsidiaries were all 100% in his name as the only registered shareholder. Jho Low was acting as the agent for the nephew and the introducer of all these parties. The Malaysian contract with CCCC had been “upgraded” and as a result the ‘silly stuff’ would be taken care of by the Chinese. Jho Low’s introduction to the Al Sabah family had initially been made, reliable informants have told Sarawak Report, through representations by high ranking people in the government of Malaysia. The Malaysian financial fixer Jho Low had been on the phone to his contacts, according to a source who witnessed the call. The wanted fraudster was by now hiding in China which had entered into an agreement in June 2016 with the Malaysian prime minister to facilitate these cover-up thefts.