Malaysian businessman Jho Low, who is linked to the controversies surrounding 1MDB, has slammed Singapore’s allegations against him as politically motivated
“Any attempts to link Low to the recent guilty pleas by parties allegedly making secret profits are based on unfounded assumptions,” a statement by his spokesperson said, The Star Online reported.
This is apparently in reference to former wealth manager Yeo Jiawei of Swiss bank BSI who was sentenced to four and a half years on Wednesday for money laundering and cheating in a case linked to an investigation involving the Malaysian fund 1MDB.
“This is an example of overreach with a politically motivated and selectively chosen narrative alleging 1MDB as a ‘victim’, when it has been clearly stated by the Malaysian authorities that there has been no evidence of any misappropriation of 1MDB funds.
“No wrongdoing has been proved in any jurisdiction relating to the alleged misappropriation of 1MDB funds, and this development in Singapore does not change that,” the statement, which was carried by The Star Online said.
Low said he was confident that any impartial party presented with the complete facts will see that the allegations are flawed, biased and create an inaccurate picture.