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Sovereign Wealth Funds Briefing - Categorized | People

1MDB director Ong is business partner of Jho Low’s father

Posted on 17 February 2015

1Malaysia Development Bhd (1MDB) non-executive director Tan Sri Ong Gim Huat is not just a friend, but also a business partner of 30 years of Tan Sri Larry Low Hock Peng. L‎ow is the father of Jho Low or Low Taek Jho, who is said to have influence over the operations of debt-laden 1MDB, the controversial sovereign wealth fund owned by the Ministry of Finance.
Companies Commission of Malaysia (CCM) documents show that Ong and Low are directors and shareholders of Wonder Bay Sdn Bhd, a Penang based property development company………………………………………..Full Article: Source


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