Discover and read the best of Twitter Threads about #jholow

Most recents (7)

💰1MDB Global Scandal💰

What is 1MDB?

Short for 1Malaysia Development Berhad (which means limited), the fund was set up in 2009 by then-Prime Minister Najib Razak to invest government revenues in real estate

MAIN THREAD #1MDB
Questions arose in early 2015 when the fund failed to meet payments on $11 billion in debt.

🔑The WSJ then published documents showing that about $700M from 1MDB-linked entities had ended up in Najib’s personal bank accounts just before elections in 2013.
latimes.com/world/la-fg-ma…
By far the largest transactions that flowed into Malaysian PM Najib’s accounts were two deposits of $620M & $61M in March 2013, during a heated election campaign in Malaysia.
wsj.com/amp/articles/m…
Read 42 tweets
💰1MDB -Hollywood & The Wolf of Wall Street

The Billion-Dollar Mystery Man and the Wildest Party Vegas Ever Saw
Armed with a seemingly bottomless supply of cash, an unassuming Malaysian named Jho Low staged the ultimate extravaganza

politico.com/story/2018/11/…
#1MDB global financial scandal that has spread from Malaysia to Hollywood

Accepting his 2014 Golden Globe Award for acting in “The Wolf of Wall Street,” Leonardo DiCaprio thanked “Joey, Riz and Jho,”

“for taking a risk on this movie.”
latimes.com/world/la-fg-ma…
Read 15 tweets
💰1MDB -Trump Campaign💰

🔑DOJ Probes Whether Jho Low, the Fugitive Financier Supplied Donation to Trump Re-Election Effort

🔑Justice Department investigates whether the $100,000 contribution came from Malaysian businessman charged in a global scandal
wsj.com/amp/articles/d…
The $100,000 donation was made in December 2017 to the Trump Victory committee—which is involved in helping re-elect President Trump in 2020—by Larry Davis, a U.S. citizen who co-owns LNS Capital, a Hawaii-based investment company.
wsj.com/amp/articles/d…
🔑Authorities are seeking to determine whether transfers totaling $1.5 million to LNS Capital—originating with the Malaysian businessman, Jho Low—financed Mr. Davis’s donation to Trump Victory. #Strawman #FCPA
wsj.com/amp/articles/d…
Read 22 tweets
💰1MDB - Elliott Broidy💰

Trump Ally Was in Talks to Earn Millions in Effort to End 1MDB Probe in U.S.

Emails indicate Brody and his wife were negotiating a fee if the US Justice Department closed its investigation of 1MDB
wsj.com/articles/trump…
Background:

Broidy, a top Republican fundraiser close to Trump was in negotiations to earn tens of millions of dollars if the U.S. DOJ dropped its investigation into a multibillion-dollar graft scandal involving a Malaysian state investment fund. #1MDB

wsj.com/articles/trump…
In emails Broidy & his wife, Robin Rosenzweig, discussed setting up a consulting contract with Jho Low, who is at the center of the 1Malaysia Development Bhd. scandal, which brought scrutiny to the country’s prime minister, Najib Razak.

wsj.com/articles/trump…
Read 18 tweets
💰1MDB - Deutsche Bank💰
💰1MDB - Goldman Sachs💰

Background:

U.S. Investigated Deutsche Bank’s Dealings With Malaysian Fund #1MDB

Justice Department looked into whether German bank violated foreign corruption or anti-money-laundering laws.

wsj.com/articles/u-s-i…
The U.S. Justice Department investigated whether DB violated foreign corruption or anti-money-laundering laws in its work for the 1MDB. fund, which included helping the fund raise $1.2 billion in 2014

wsj.com/articles/u-s-i…
The investigation into Deutsche Bank has been helped in part by a former Goldman Sachs Group Inc. executive, Tim Leissner, who is cooperating with authorities.
wsj.com/articles/u-s-i…
Read 23 tweets
💰1MDB & UAE💰

Stolen Emails Show Ties Between U.A.E. Envoy and 1MDB Fund’s Central Figure
Amb Yousef Al Otaiba had longstanding ties to a financier the U.S. says is at the center of a scandal surrounding a Malaysian state development fund

wsj.com/amp/articles/s…
Leaked emails are embedded in this article: #1MDB

sarawakreport.org/2017/08/more-l…
Yousef Al Otaiba, the UAE ambassador to the U.S., attempted to shape American policy toward the Middle East & lobbied over a regional dispute with Qatar. #KushBlockade
wsj.com/amp/articles/s…
Read 25 tweets
The DOJ is going to announce multiple criminal charges related to the multibillion-dollar Malaysian wealth fund scandal, (#1MDB) including against two former Goldman Sachs bankers (Tim Leissner and Roger Ng) and Malaysian financier #JhoLow
wsj.com/articles/justi…
Last July, Prime Minister #NajibRazak was charged with misusing funds over the 1MDB scandal and WSJ reported that #TimLeissner, who arranged offerings that helped Razak's slush fund was negotiating a plea deal in exchange for cooperating with prosecutors.
zerohedge.com/news/2018-07-0…
Earlier this month Najib Razak's wife, former first lady Rosmah Mansor, who is also facing money-laundering charges was released on bail.
wsj.com/articles/rosma…
Read 11 tweets

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