BNM found out US$700m went to Jho Low in 2015: Zeti
Published: Aug 16, 2023 4:15 AM | Updated: Aug 16, 2023 7:54 AM
1MDB TRIAL | Bank Negara Malaysia's (BNM) investigation in early 2015 found that US$700 million (RM2.28 billion) of 1MDB funds were diverted to an offshore entity linked to fugitive businessperson, Low Taek Jho (Jho Low), the central bank's former governor testified.
During today's RM2.28 billion 1MDB corruption trial against former prime minister Najib Abdul Razak, 46th prosecution witness Zeti Akhtar Aziz said the central bank had to undertake a multi-year investigation, following 1MDB officials failing to provide satisfactory answers to the central bank on what happened to the funds sent overseas in 2009.
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