Incumbent Kepong MP lodges police report over latest allegations on Jho Low

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Incumbent Kepong MP Lim Lip Eng has lodged a police report seeking the authorities to act on allegations that fugitive businessperson Low Taek Jho (Jho Low) has set up a new business and remains untouchable.

The DAP lawmaker lodged the report at the Dang Wangi district police headquarters this morning, based on news reports he read on the matter yesterday

“I urge the police, MACC, Bank Negara Malaysia and other government agencies to investigate if Low had stolen US$333 million (RM1.5 billion) from 1MDB and if he is operating from the Shanghai World Financial Centre in China,” said Lim.

Yesterday, authors Bradley Hope and Tom Wright claimed in a new YouTube video that Low may have incorporated a new company in the British Virgin Islands.

They said document trails showed that JinWeiJing Business Consulting, an entity known to be Low’s family’s holding company, had changed its name to GuiYue Business Consulting and its ownership recently transferred to a BVI entity called Grace Zenith Limited.

GuiYue has a business address at the Shanghai World Financial Centre – a glitzy skyscraper that is half a kilometre in height and is known as an iconic business centre in China.

Hope and Wright, who both authored the book titled “Billion Dollar Whale” book on Low, have been actively and openly pursuing the businessperson, attempting to locate his whereabouts under an initiative called “Project Brazen”.

They further claimed that the US$333 million (RM1.5 billion) Grace Zenith paid to take over GuiYue may have originated from 1MDB.

Minister in the Prime Minister’s Department (Parliament and Law) Wan Junaidi Tuanku Jaafar later said that bringing back Low to face justice is no easy task, as there is no extradition treaty between Malaysia and China.

In reply to Junaidi’s comment, Lim said it could be the first time the Malaysian government has acknowledged that Low’s current location is in China.

“I suspect that Umno and BN government do not want Low to be back on our soil because he may disclose information with proof during his trial in Malaysian court about more BN ministers and politicians being involved in the 1MDB corruption scandal.”

Malaysiakini


Related report

14 Oct, Authors of 1MDB book: Jho Low controls US$333m company in China