An alleged associate of fugitive businessperson Low Taek Jho (Jho Low) has returned to Malaysia after leaving the country five years ago.
According to a source, the fugitive arrived at the Kuala Lumpur International Airport (KLIA2) around 3.30am two days ago to assist MACC investigation into the 1MDB affair.
The source said the return of the fugitive was the result of cooperation between the graftbuster and overseas enforcement agencies as part of an investigation into the individual's alleged receiving of embezzled funds from 1MDB and its former subsidiary SRC International Sdn Bhd.
The source added that upon arrival at KLIA2, the suspect was handed an order notice to go to MACC headquarters in Putrajaya at 10am on Wednesday.
“MACC officers had recorded (the suspect’s) statement and searched (the suspect’s) house on the same day.
“The result of the investigation showed that the individual concerned was believed to have received embezzled monies from 1MDB and SRC via the account of a company named Wright Shaw Limited.
“Previously, the MACC with the cooperation of the Singapore Commercial Affairs Department (CAD) was reported to have succeeded in seizing Wright Shaw Limited’s account involving US$5.2 million (RM23 million),” the source said.
“Besides that, the investigation also proved that (the suspect) had received embezzled 1MDB funds through Yayasan Rakyat 1Malaysia (YR1M),” the source added.
RM16m recovered
The source revealed that on April 26 the MACC with the cooperation of Singapore CAD succeeded in bringing back around RM16 million from Totality Limited, which is a company the suspect owned.
The individual was part of 1MDB from 2012 until 2013, and he was involved as far back as 2011 when the fund was still named Terengganu Investment Authority (TIA) and yet to be transferred ownership to the federal government, the source explained.
“The conspiracy was to mislead banks and hide certain facts from 1MDB’s board of directors to transfer US$700 million to Good Star Limited, which Low owned,” the source contended.
Malaysiakini is attempting to reach out to MACC chief commissioner Azam Baki for a response over the matter.
Former prime minister Najib Abdul Razak is serving a 12-year jail sentence in relation to a corruption case involving RM42 million of funds from SRC.
The former finance minister also has an ongoing criminal trial for a court case involving alleged graft linked to RM2.28 billion of funds from 1MDB.
The Minister of Finance Incorporated (MOF Inc) fully owned both 1MDB and SRC International.
Malaysian authorities are still trying to track down Low and several of his other associates to assist in the 1MDB probe. - Mkini
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