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Saturday, August 22, 2015

Jho Low to contact MACC over SRC International probe, says rep

Businessman Low Taek Jho will contact Malaysia's anti-graft authorities to assist their investigations into SRC International Sdn Bhd. – YouTube screengrab, August 22, 2015. Businessman Low Taek Jho will contact Malaysia's anti-graft authorities to assist their investigations into SRC International Sdn Bhd. – YouTube screengrab, August 22, 2015.
Businessman Low Taek Jho will contact Malaysia's anti-graft authorities to assist their investigations into SRC International Sdn Bhd's case, his spokesman said today hours after the Malaysian Anti-Corruption Commission (MACC) sought to see him and two others.
Low, popularly known as Jho Low, and former SRC International managing director Nik Faisal Ariff Kamil and director Datuk Suboh Md Yassin were named in MACC notices sent to the media today.
"Mr Low has seen press reports that the Malaysian Anti-Corruption Commission (MACC) is requesting his assistance. This is the first time Mr Low has been made aware of such a request.
SRC International is a former subsidiary of state strategic investor 1Malaysia Development Bhd (1MDB), which is under investigations and restructuring over its RM42 billion debts.
"The three are urged to contact the investigating officer of the case, that is deputy commissioner Rosli Husain at 010-3187757 or 03-88900752 or deputy commissioner Norkhafizin Isa at 019-6000345 or 03-88900754," MACC's director of investigations Datuk Azam Baki said in a statement.
The MACC also urged anyone with information on the trio to call the numbers or inform its nearest office.
SRC International was a subsidiary of 1MDB until it was placed under the Finance Ministry in February 2012.
It had also taken a government-backed loan of RM4 billion from Retirement Fund Inc (KWAP), the government pension fund.
SRC International was named by The Wall Street Journal (WSJ) in its July 2 expose as one of the 1MDB-linked companies that was part of the trail of US$700 million (RM2.6 billion) channelled into Prime Minister Datuk Seri Najib Razak's personal bank accounts.
According to WSJ and Sarawak Report, Nik Faisal had power of attorney over Najib’s accounts.
Suboh is also a shareholder of Gandingan Mentari, which is another company that was part of the money trail.
Of the total amount, US$11.1 million (RM42 million) had originated from SRC International and channelled into other companies – Gandingan Mentari and Ihsan Perdana – before it ended up in Najib's accounts in transactions conducted between December 2014 and February this year, according to WSJ, which cited documents from Malaysian government investigators.
It was reported previously that both Suboh and Nik Faisal were wanted by the MACC but both have since gone missing.
- TMI

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