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Saturday, May 30, 2015

ARREST HIM IF YOU DARE, UMNO YOUTH! Jho Low slips back into Malaysia - report

ARREST HIM IF YOU DARE, UMNO YOUTH! Jho Low slips back into Malaysia - report
KUALA LUMPUR - Flamboyant and controversial businessman Low Taek Jho is believed to have returned to Kuala Lumpur via a Cathay Pacific flight from Hong Kong yesterday evening, according to news portal The Ant Daily.
According to the report, the tycoon called Jho Low took the CX729 flight that landed at Kuala Lumpur International Airport at 7.43 pm yesterday, before he was whisked away by a tall ethnic Indian man.
Low’s return came amid a tumultuous time for strategic fund 1 Malaysia Development Bhd (1MDB), which has been repeatedly linked to him.
It is unclear if the tycoon is here to take part in the Public Account Committee’s (PAC) probe into 1MDB, as it previously said it was not yet necessary for him to testify.
Responding to the PAC saying it will not yet summon Low for its investigation, Umno Youth chief Khairy Jamaluddin insisted there was too much speculation about the former’s involvement with 1MDB to be ignored.
In March, Prime Minister Datuk Seri Najib Razak ordered the Auditor-General and PAC to investigate 1MDB, amid growing demands for explanations over the state investment firm’s allegedly opaque investment decisions and for amassing a RM42 billion debt pile.
Jho Low
Low has repeatedly denied any association with 1MDB but continues to be linked with it due to his involvement in 1MDB’s predecessor, the Terengganu Investment Authority (TIA).
1MDB was incorporated in 2009, after Najib announced the decision to turn the TIA state fund into a federal agency.
Yesterday, PAC warned 1MDB officials that the parliamentary committee will not pull any punches during their much anticipated hearing, especially if the state-owned fund’s representatives prove to be dishonest.
The PAC was supposed to interview 1MDB chief executive Arul Kanda Kandasamy and his predecessor, Datuk Shahrol Halmi, on Tuesday but had to postpone the hearing after both men informed the committee that they were overseas and would not be able to make it. - Malay Mail

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