05.05.2014 - Najib's 'brainchild' 1MDB funded Jho Low in his private takeover bids
Following our earlier exclusive expose Sarawak Report has unearthed further exclusive evidence proving the links between the mystery tycoon Jho Low and Malaysia’s sovereign wealth fund One Malaysia Development Berhad (1MDB). It shows that in 2011 1MDB bankrolled a multi-million euro debt buy-out in Ireland, which formed a key plank in Jho Low’s strategy to get a controlling share of a London Hotel chain for his Wynton private equity group. This new evidence flies in the face of denials as late as last month by Low that he has had any involvement or received any benefit from the public fund...............................................Full Article: Source
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