Jho Low approached China’s elite to resolve 1MDB’s woes, book claims
The fugitive financier also attempted to leverage his ‘strong Middle Eastern connections’ in an ‘ambitious plan’ to take over RHB Bank.
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https://www.freemalaysiatoday.com/category/nation/2024/10/08/jho-low-approached-chinas-elite-to-resolve-1mdbs-woes-book-claims/
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Read More:
https://www.freemalaysiatoday.com/category/nation/2024/10/08/jho-low-approached-chinas-elite-to-resolve-1mdbs-woes-book-claims/
Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.
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NewsTranscript
00:00A forthcoming book claimed that fugitive financier Lo Teck Choe, better known as Joe Lo, sought
00:09the help of China's elite to attract investment from China
00:14In The Siege Within, journalist Leslie Lopez said Lo intended to use those connections
00:19in a grand scheme to resolve 1MDB's financial commitments
00:25Lopez claimed that Lo had an impressive list of contacts among the kin of Beijing's powerful
00:31political class
00:34He said China was also keen on finding a strong economic partner at the time, leading to then-Prime
00:40Minister Najib Razak announcing a pivot to China as his latest economic initiative
00:47Lopez wrote that the deals Lo had established with Chinese entities were done with Najib's
00:51blessing as part of a grand scheme to bail out 1MDB
00:57By mid-2016, Putrajaya had signed US$34 billion worth of Chinese investments, the book claimed
01:04In 2019, Najib's former aide testified at the SRC international trial that several infrastructure
01:12projects had been offered to Chinese firms, including two pipeline projects and the East
01:17Coast Rail Link