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

(Bernama) – The High Court was told yesterday that fugitive businessman Low Taek Jho or Jho Low had deliberately used a naming convention for offshore shell companies built by him to resemble well-established companies in his conspiracy to siphon millions of dollars from 1Malaysia Development Berhad (1MDB). This was suggested by counsel Wan Aizuddin Wan Mohammed, who was representing Datuk Seri Najib Tun Razak, when cross-examining former 1MDB chief executive officer Datuk Shahrol Azral Ibrahim Halmi at the former prime minister’s 1MDB trial. The...