1MDB-Jho Low allegations work of fiction

Jho Low was known to have a good relationship with Arab leaders.

But he had nothing to do with 1MDB

Opposition made the allegation up to incite hatred against government.

SEREMBAN: 1Malaysia Development Bhd (1MDB) president and chief executive officer Arul Kanda Kandasamy has reiterated that Low Taek Jho, or Jho Low, has nothing to do with the company.

Arul Kanda said Jho Low had never worked with the company, and that the opposition often makes the allegation simply to incite hatred towards the government.

“Jho Low was formerly an advisor to Terengganu Investment Authority Bhd (TIA), a wholly-owned subsidiary of the Terengganu Government, and he resigned from TIA as advisor in May 2009.

“The federal government took over TIA in July 2009, and this shows that Jho Low has nothing to do with the government,” he told reporters during a discussion on current issues in Ampangan near here, yesterday.

Commenting further, Arul Kanda said Jho Low was known to have a good relationship with Arab leaders.

“That’s his advantage. He knows people there. (But) Jho Low has never been a 1MDB employee, and the company has never paid a single sen to him,” he added.

On March 7, police investigations found no evidence to link Jho Low with 1MDB’s decision-making processes, nor with any transactions conducted by the company.

Source: NST Online

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