SINGAPORE/KUALA LUMPUR (June 22): For the past year, the Malaysian government has said a company called Good Star Ltd, which received US$1.03 billion ($1.38 billion) from the scandal-hit 1Malaysia Development Berhad (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.

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