KUALA LUMPUR: Former 1Malaysia Development Berhad (1MDB) general counsel Jasmine Loo Ai Swan testified in the High Court today that fugitive financier...
: Former 1Malaysia Development Berhad general counsel Jasmine Loo Ai Swan testified in the High Court today that fugitive financier Low Taek Jho regarded Riza Aziz, stepson of former prime minister Datuk Seri Najib Tun Razak, as a close friend.
“Subsequently, after I left my employment at 1MDB, I met and became acquainted with him on other occasions when I travelled overseas with Jho Low,“ said Loo in her witness statement today. Under cross-examination by Riza Shahriz’s counsel, Wan Azwan Aiman Wan Fakhruddin, Loo was asked if she had attempted to portray the first defendant as Jho Low’s close friend in her testimony.
During her time at 1MDB, Loo stated that she was unaware of a bank account at City National Bank in Los Angeles and had no knowledge of an over USD10 million transfer into the said account intended as the operating account for Red Granite Pictures. In May 2021, 1MDB and its three subsidiaries 1MDB Energy Ltd, 1MDB Energy Holdings Ltd, and 1MDB Energy Ltd, filed the suit against Riza Shahriz, Red Granite Pictures Inc and Red Granite Capital Ltd.
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