Sat, Jun 01, 2019 - 5:50 AM
He said the purchase and construction of his family home in the Malaysian state of Penang predated the state fund as his mother, Goh Gaik Ewe, holds a certificate of occupation dated July 2000.Market voices on: He has been painted by US prosecutors as the mastermind behind the scandal surrounding 1MDB, which saw US$4.5 billion allegedly misappropriated from the fund, whose full name is 1Malaysia Development Bhd.
Low's assets have come under the spotlight as Malaysian Prime Minister Mahathir Mohamad seeks to recoup funds lost through 1MDB as part of an election promise. The government earned US$126 million in April by selling a super yacht once owned by Low.
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