News about Jho Low

KUALA LUMPUR (Oct 17): Malaysia's Attorney General Tan Sri Tommy Thomas said there are no plans to drop charges against Goldman Sachs and its directors as part of a settlement with the US investment bank over the 1MDB scandal.

KUALA LUMPUR (Oct 17): The government and Goldman Sachs has been in talks for Malaysian authorities to drop criminal charges against three of the bank's subsidiaries connected to the 1MDB scandal, Attorney General Tommy Thomas told the Nikkei Asian Review.

KUALA LUMPUR (Oct 17): The transfer of decision-making power from the federal government to the prime minister in 1Malaysia Development Bhd (1MDB) was made by the board at the advise of Low Taek Jho, said 1MDB’s former chief executive officer Datuk Shahrol Azral Ibrahim Halmi.

KUALA LUMPUR (Oct 17): The cross-examination of former 1Malaysia Development Bhd (1MDB) chief executive officer Datuk Shahrol Azral Ibrahim Halmi is expected to turn a new page today, going into the second phase of 1MDB’s dealings with PetroSaudi International Ltd (PSI) in 2010-2011.

KUALA LUMPUR (Oct 16): 1MDB chief executive officer Datuk Shahrol Azral Ibrahim Halmi admitted to inking a joint venture (JV) agreement between 1MDB and an impostor JV partner in 2009, despite noticing the inconsistencies in the name, on the advice of fellow 1MDB director Casey Tang.

KUALA LUMPUR (Oct 16): What sort of due diligence did 1Malaysia Development Bhd (1MDB) perform on PetroSaudi International Ltd (PSI) before spending US$1 billion on a joint venture (JV) with the Saudi-based company? An oral one, said former 1MDB chief executive officer Datuk Shahrol Azral Ibrahim Halmi.

KUALA LUMPUR (Oct 15): The cross-examination of Datuk Shahrol Azral Ibrahim Halmi in the 1Malaysia Developmemnt Bhd (1MDB)-Tanore trial enters its sixth day today, as defence counsel Tan Sri Muhammad Shafee Abdullah is expected to grill him further about his alleged interference of the government audit into 1MDB in 2010.

KUALA LUMPUR (Oct 15): Lead defense counsel Tan Sri Muhammad Shafee Abdullah has alleged former 1Malaysia Development Bhd (1MDB) chief executive officer Datuk Shahrol Azral Ibrahim Halmi had conspired with alleged “puppetmaster” Low Taek Jho to obstruct an audit by the National Audit Department (NAD) into the state-owned fund in 2010.

KUALA LUMPUR (Oct 10): Low Taek Jho, aka Jho Low, had pre-empted Datuk Shahrol Azral Ibrahim Halmi from investigating further by telling him to expect the Yang di-Pertuan Agong to question the fugitive businessman's role in Terengganu Investment Authority (TIA), the precursor to 1MDB, and raise the issue of the purported misrepresentation of the palace by "a certain individual".

KUALA LUMPUR (Oct 8): "There is a possibility" that Datuk Shahrol Azral Ibrahim Halmi was recommended by Low Taek Jho (Jho Low) to helm 1Malaysia Development Bhd (1MDB) despite his lack of experience in finance, as part of the plan by the fugitive businessman to conduct the alleged misappropriation of funds.