Jho Low by Joshua Brown May 1, 2023 56 Jho Low (born 4 November 1981) is a Malaysian businessman and financier. He has been described as an international playboy with close ties to the highest levels of government in Malaysia, including former Prime Minister Najib Razak. He was identified by The Wall Street Journal and other media sources as being involved in what is believed to be one of the world’s largest financial scandals—the 1Malaysia Development Berhad (1MDB) scandal—which took place during 2010–2015. Early life and education Low grew up in Penang, Malaysia, where his father owned several businesses; some within the oil industry while others were related to property development & investment banking services. Low graduated from Wharton School at University of Pennsylvania with a degree in Finance & Real Estate Investment Banking Analysis before moving back to Asia for business opportunities shortly after graduation. Business career In 2002, Jho low founded Jynwel Capital Limited which specializes in venture capital fund management investments across various sectors ranging from technology start-ups & renewable energy projects all over Asia Pacific region until today since its inception date 17 years ago till present day 2020). During 2009–2013 he chaired Abu Dhabi-based International Petroleum Investment Company’s (IPIC) advisory board on strategic investments amidst controversial deals such as Goldman Sachs purchase IPIC bonds worth US$3 billion through 1MDB funds without proper due diligence process or any form of public tender bid system that usually carried out prior company acquisitions given its high stake/risk level involvement which later led him into legal issues due direct or indirect participation became subject matter dispute between both countries governments resulting no conclusion yet until today thus far . Involvement in 1MDB scandal The Wall Street Journal reported on July 2nd 2015 about suspicions regarding Low’s role within events leading up to more than $700 million dollars misappropriated from state fund 1Malaysia Development Bhd(1MBD), allegedly transferred into personal accounts controlled by then prime minister Najib Razak before it went missing overseas according Forbes Magazine reports covering news series based upon investigations conducted by respective authorities worldwide throughout multiple years time span . Subsequently , U S Department Of Justice seized numerous luxury properties along side cash deposits amounting approximately US$1 billion dollar located outside USA borders while conducting investigation process against allegations made towards those involved individuals included ex -PM Datuk Seri Mohd Najib Tun Abdul Razak himself henceforth further implicating Mr Low name directly linked onto entire case scenario itself amid denials received officially via press statement released accordingly despite lack concrete evidence provided otherwise so far till present day thereby making whole situation remains highly debated topic among analysts community around globe even though charges remain pending decision taken yet regardless still ongoing currently speaking now onwards progress wise but nothing conclusively proven either way just speculation exists only basically meaning could possibly innocent this criminal activity taking place under cover darkness away eyesight public knowledge basis perhaps ? Who knows exactly truth behind closed doors concerning activities undertaken exactly? Only those who have access inside know real answer here …..
Bookmark PoliticsAsia PacificJho LowMoney launderingTrending News Leonardo DiCaprio Testifies in Money-Laundering Case of Fugees Rapper by Joshua Brown April 4, 2023 April 4, 2023 Leonardo DiCaprio, a famous movie star, spoke in a federal court on Monday. This was part of a legal case that had to do with illegally transferring money around the …