1MDB’s US$700mil went into Jho Low’s company in 2009, BNM only knew in 2015, says Zeti
The Star
The Star
  • 8 months ago
The Kuala Lumpur High Court on Wednesday (Aug 16) was told that only after nearly seven years, Bank Negara Malaysia (BNM) found that US$700 million belonging to 1Malaysia Development Berhad (1MDB) went into the wrong entity, namely Good Star Ltd, a company owned by fugitive businessman Low Taek Jho or Jho Low.

Former Bank Negara Malaysia Governor Tan Sri Dr Zeti Akhtar Aziz also admitted that it took a long period to discover the matter as it was a lengthy process to follow the money trail.

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