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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, People

Behind the 1MDB scandal: How banks missed clues and bowed to pressure

Posted on 07 September 2016

Financier Jho Low, who investigators believe is at the centre of one of the largest-ever financial scandals, kept up a stream of messages to an official at AmBank Bhd. Mr Low was obsessed about how the bank handled the peculiar accounts of Malaysian Prime Minister Najib Razak.
Don’t let people outside the bank or more than a few people inside know about the accounts, he instructed. Use Gmail, not the bank’s email system, for communication. Whatever you do, don’t send credit-card statements to the prime minister’s house………………………………………..Full Article: Source


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