Jho Low used similar company names to siphon funds from 1MDB, court told

📆 05-08-20 16:03:00
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Prosecution witness Shahrol Azral Ibrahim Halmi refuses to comment on the fugitive businessman's motive behind masking the names of companies. FMTNews JhoLow 1MDB

Shahrol Azral Ibrahim Halmi is currently being cross-examined at prime minister Najib Razak’s 1MDB trial.

The witness agreed with the lawyer’s suggestion that it was Jho Low’s habit of masking the names of companies but he could not comment on Jho Low’s motive behind that. ADMIC Ltd is a company that was originally registered as Malaysian Abu Dhabi Investment Co on March 5, 2013, but the name was changed to Abu Dhabi Malaysian Investment Co Ltd on March 12 the same year.There is a funny story behind it. Jho Low told me that the Abu Dhabi guys were sensitive that “Malaysia” came first in the name before “Abu Dhabi”. So I said “ikut suka mereka lah ”. Jho Low said they would like to do this ; I said I have no problem.

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Jho Low used similar company names to siphon money from 1MDB, court toldKUALA LUMPUR: The High Court was told today that fugitive businessman Low Taek Jho or Jho Low had deliberately used a naming convention for offshore s...
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