1MDB Suit: Jho Low Transferred US$2.4 Mln of 1MDB Monies To Hollywood Celebrities
KUALA LUMPUR, The High Court today was told that fugitive businessman Low Taek Jho or Jho Low had used his shell company to funnel a sum of US$2.4 million from 1Malaysia Development Berhad (1MDB) into the bank accounts of Hollywood celebrities Pharrel Williams and Kim Kardashian. Financial fraud investigator Richard Templeman from the United Kingdom said his investigation revealed that 1MDB had transferred US$1.03 billion for the benefit of Jho Low via his company, Good Star Ltd. “These funds were transferred through a series of offshore companies and used for, inter alia, the personal benefit of the co-conspirators and their