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Sovereign Wealth Funds Briefing - Categorized | Financials

In Jho Low, magazine sees link between 1MDB and Mid East funds

Posted on 26 August 2013

It is an intricate network of firms, directorships and partnerships with flamboyant tycoon Jho Low at its centre, but Focus Malaysia believes it has unravelled it to show the connection between local investment fund 1 Malaysia Development Bhd (1MDB) and its Middle East backers.
In a front-page story on the enigmatic Penang-born businessman, the business weekly sought to chart the link between 1MDB and Jynwel Capital Ltd, the flagship of the mogul believed to be behind Korean pop sensation Psy’s appearance at the Barisan Nasional (BN) Chinese New Year open house in Penang earlier this year………………………………………..Full Article: Source


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