Singapore's white-collar crime unit for the first time on Thursday identified Malaysian businessman Low Taek Jho as a key figure in the money laundering investigation linked to scandal-tainted 1MDB fund. The revelation came from an investigator during the trial of a former wealth manager of Swiss private bank BSI in Singapore's most high-profile money laundering case.
Low is also among the people named in civil lawsuits filed by the U.S. Department of Justice, which alleged that more than $3.5 billion was allegedly misappropriated from 1MDB.............................................Full Article: Source
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