Malaysian financier Jho Low owned firm linked to 1MDB scandal-source
(Reuters) – Malaysian financier Low Taek Jho was the sole owner of Good Star during its five years as a company.
For the past year, the Malaysian government has said a company called Good Star Ltd, which received $1.03 billion from the scandal-hit 1MDB investment fund, was owned by the fund’s joint venture partner, PetroSaudi International Ltd.
Now an official with knowledge of a regulatory investigation has confirmed what Malaysia’s central bank has recently asserted: Malaysian financier Low Taek Jho was the sole owner of Good Star during its five years as a company.
“What I can say for sure is that Jho Low is the exclusive beneficial owner of Good Star,” the official said.
According to a registration document seen by Reuters, Good Star was incorporated in the Seychelles on May 18, 2009, four months before the initial payment to PetroSaudi. It was dissolved five years later on May 2, 2014.
Low, who is most often referred to as Jho Low, was the owner of Good Star throughout those five years, the official said.
