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