Arul also refuted claims that business tycoon Jho Low is connected to 1MDB, saying he was never paid or hired by the company.
“It is public knowledge that Jho Low was an adviser to the Terengganu Investment Authority (TIA), prior to the shares being transferred to the government of Malaysia and the name changed to 1MDB. He actually resigned in mid-May 2009 before the shares of TIA were bought by the government,” he said.
In which case, why did 1MDB pay 700million into Jho Low’s company account? And why did Jho Low’s company Good Star then pay Tarek Obaid 85million from that very same account for “brokering services” and why also did Tarek Obaid pay Patrick Mahony 33million – all in the space of two weeks?
If Jho Low was not working for 1MDB, who was he working for that he was allowed to take the majority of the money from the 1MDB investment?