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Fugitive financier Jho Low insists he was not ‘mastermind’ of Malaysia’s 1MDB corruption scandal

  • Low said the Malaysian government has victimised him and his family, ignoring ‘basic human rights and fair judicial processes’
  • He declined to divulge his current location but confirmed he was offered asylum in August last year. He did not name the country offering asylum

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Fugitive financier Jho Low. Photo: SCMP Pictures
Fugitive Malaysian financier Jho Low has said he only acted as an intermediary for deals involving 1MDB, denying in an interview published on Monday that he had set the stage for the theft of billions of dollars from the Malaysian state fund.
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Low faces charges in the United States and Malaysia for his alleged central role in defrauding up to US$4.5 billion from 1Malaysia Development Berhad (1MDB), founded by former Malaysian prime minister Najib Razak and the subject of the US Department of Justice’s largest ever anti-kleptocracy case.

Low, or Jho Low as he is popularly known, has consistently denied wrongdoing and says the charges against him are politically motivated.

“People and companies act as introducers or intermediaries all the time,” Low said in an interview with Singapore’s Straits Times. “This is not a unique situation. I was requested to assist because of my good relationships with influential foreign businessmen and decision makers.”

A spokesman for Low did not immediately respond to a request for additional comments.

To a question on why he has remained on the run, Low said the Malaysian government has victimised him and his family, ignoring “basic human rights and fair judicial processes” by branding him as the mastermind behind the scandal.

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“The idea that I am some kind of ‘mastermind’ is just wrong,” he said. “The inordinate amount of media scrutiny on me compared to that placed on the global financial and other institutions and advisers that actually organised and facilitated the fundraisings at issue is astounding. The reality is that I am an easy target.”

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