This was revealed by Inspector-General of Police Khalid Abu Bakar who was commenting on a report by the Wall Street Journal (WSJ) that Good Star was a company owned by Jho Low.

“It is part of our investigations,” he told reporters at a press conference here today.

International news wire Reuters recently confirmed WSJ’s report, quoting an official with knowledge of a regulatory investigation as saying that the company which received USD1.03 billion from the embattled state investment firm 1MDB was indeed owned by Jho Low.

“What I can say for sure is that Jho Low is the exclusive beneficial owner of Good Star,” the official had said.

The money was allegedly diverted from 1MDB when it was working on a joint venture with PetroSaudi International (PSI) in 2009.

Reuters, reported that Good Star was incorporated in the Seychelles on May 18, 2009, four months before the initial payment to PetroSaudi and that it was dissolved five years later on May 2, 2014.

The Malaysian Government has insisted that Good Star is a subsidiary of PSI, while Jho Low has denied any links to the company.

The WSJ report cited a Bank Negara Malaysia letter claiming Jho Low owned Good Star, but this was later refuted by Public Accounts Committee chairman Hasan Arifin who said the letter was unconfirmed intelligence.