by Eric Ellis
Euromoney
The saga of scandalized Malaysian sovereign wealth fund 1MDB has drawn in many high-profile figures from the country’s establishment. None more so than a flamboyant, Hong Kong-based tycoon. But the self-styled Jho Low denies all involvement in 1MDB. Now he’s ready to publicly defend himself – and point the finger of blame at others.
Low Taek Jho’s high-rise lair in Hong Kong is the stuff of thrillers, appropriately enough for a young Penang-born tycoon cast by his countrymen as a mysterious villain whose shadowy dealings have exposed the secrets of Malaysia Inc.
The intrigues are felt the moment one steps inside the stylish foyer of Jynwel Capital, his family’s private equity investment house based in downtown Central. A receptionist purrs that “Mr Low is expecting you” as a wall magically slides aside to reveal a minimalist ante-room framed by a panorama of the city’s harbour and the promise of China beyond.
Continue reading “Jho says it ain’t so: Malaysian tycoon denies role in 1MDB ‘heist of the century’”