Jho Low deposited RM100mil in Jasmine Loo’s bank account, court told

Jho Low deposited RM100mil in Jasmine Loo’s bank account, court told

The money was initially held in trust for the fugitive financier, but Jasmine Loo later became its beneficiary.

Former 1MDB general counsel Jasmine Loo said the RM100 million ended up as a ‘gift’ from Jho Low.
KUALA LUMPUR:
The High Court here heard today that close to RM100 million was deposited into an account of former 1MDB general counsel Jasmine Loo by fugitive Low Taek Jho, better known as Jho Low.

Najib Razak’s defence counsel, Shafee Abdullah, who cross-examined Loo, told the court this information came from a deputy inspector-general of police whom he did not identify.

Loo did not dispute the amount stated by Shafee.

The 50th prosecution witness in the former prime minister’s power abuse and money laundering case said the money came into her account between 2011 and 2014, but the bulk was deposited in 2014.

Shafee: Why did he give you RM100 million for someone who had acted as legal adviser to 1MBD?

Loo: I held the money in trust.

Shafee: Did you end up as a beneficiary?

Loo: Yes, it was a gift.

Loo told the court she left 1MDB in November 2013 after serving the government-linked company for two-and-a-half years as she wanted to pursue other opportunities “like doing investment”.

She said she was now paying about RM2.5 million to the Inland Revenue Board from the RM100 million.

She also said she did not negotiate with the police or the Malaysian Anti-Corruption Commission for her safe return, but that her lawyers were in talks with former attorney-general Idrus Harun before her return home last July.

“I wanted a safe passage from Myanmar and did not want the Malaysian embassy in that country to be involved,” she said.

She said she was hopeful that the criminal charges against her would be dropped as she had returned all the assets that were purchased from 1MDB money.

Given a fake Myanmar passport

Earlier, Loo told the court she entered Myanmar illegally from Bangkok in 2019 although she was carrying a Malaysian passport.

“I was told by Low that my passport would be stamped by the Myanmar military, but it was not done. I was arrested by the military and held at a home,” she said.

She said that with Low’s help, she was given a fake Myanmar passport to move freely in that country.

At this juncture, deputy public prosecutor Mustaffa Kunyalam objected to the line of questioning as he said it was irrelevant to the charges faced by Najib.

However, trial judge Collin Lawrence Sequerah dismissed it as he said the defence was only attempting to destroy Loo’s credibility.

To another question by Shafee, Loo said she did not know if Low was close to Tawfiq Ayman, the husband of former Bank Negara Malaysia governor Zeti Akhtar Aziz.

Sequerah interjected and asked Shafee to move on as Loo has already said she was unaware of Tawfiq’s relationship with the fugitive financier.

However, she agreed with Shafee that Low name-dropped Zeti, saying  he would “take care” of her.

Najib is facing 25 charges for abuse of power and money laundering over alleged 1MDB funds amounting to RM2.28 billion deposited into his AmBank accounts between February 2011 and December 2014.

The trial has been adjourned to April 22.

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