Home News Featured News owns Good Star, says WSJ leaked Malaysian Central Bank letter

Jho Low owns Good Star, says WSJ leaked Malaysian Central Bank letter




- Advertisement -
Letter confirms early reports by both Wall Street Journal and Sarawak Report that those accused or suspected of siphoning money used an intricate, complicated web of companies layered in such a way to create confusion to investigators.
But WSJ’s revelation explains it
In its revelation on its online.wsj,com website, the US based newspaper that broke the story (together with sarawakreport) of the money transferred to the personal account of the top Malaysian political figure, said it received a confidential letter that indicates Good Star Limited is beneficially owned by Low Teak Joh, commonly referred to as .
On April 6 Malaysia, the central bank of Malaysia, sent a letter to the Public Accounts Committee president Datuk Hasan Ariffin regarding the troubled .
In the letter, published on http://online.wsj.com, the bank said it received information from foreign entities in relation to who owns Good Star Limited, the company said to belong to a crony of some political leaders.
The letter also indicated there was no change in ownership of GSL since its inception.
, in the letter clearly indicated the information was not to be made public or was to be used in any prosecution cases.
Another source, named as Foreign Authority 2, in the BNM letter is said to have revealed that GSL applied to open an account at AG, Zurich on June 9 2009.
The sole director of the application form appears to be Smart Power Lid, and the sole director and bearer of the single bearer share in SPL appears to be Jho Low.
The authority also said Jho Low appears to be the only beneficial owner of the account at RBS.
BNM said in its letter to Hasan, it is waiting for a response from the chief.
The BNM also said any decision to use these information in public had to be made through the proper channel and in advance.
The Malaysian Central Bank is said to have made a police report against WSJ for publishing the letter, which it says is confidential.
The Malaysian PM also spoke on the publication of the confidential letter by WSJ, saying the American newspaper will have to answer for that.
Singapore prosecutors (read here) said Friday, the 1MDB scandal was the biggest ever financial fraud and money laundering investigation done in Singapore.
Link to the letter: http://online.wsj.com/public/resources/documents/letter.pdf

Follow us on Social Media

Send in your scoops to news@theindependent.sg 

- Advertisement -

Buck naked biker seen along the PIE and in Eunos

Singapore — A motorcyclist wearing neither clothes nor a helmet was caught on camera riding on the Pan-Island Expressway (PIE) and in Eunos. In photos and a video circulating on WhatsApp messenger and on social media on Thursday (Jun 10), the biker...

“Please f***ing clean up your mess: Netizen who found food remains on void deck

Singapore—There is no excuse to be unhygienic and leave the rest of one’s food all over the place, said one netizen in a “3AM RANT” over social media. “DO F***ING BETTER LAH SINGAPOREANS,” said the netizen, who goes by @asonofapeach on TikTok...

Ngee Ann Poly lecturer who said that Indians marrying Chinese is a racist act also made comments against Islam in class

Singapore — Tan Boon Lee, the Ngee Ann Polytechnic lecturer who was seen in a viral video berating an Indian man for being in a relationship with a Chinese woman, was accused by his former students of making racially and religiously...
Follow us on Social Media

Send in your scoops to news@theindependent.sg