SINGAPORE (June 18): Low Taek Jho, or Jho Low, was undoubtedly the puppet master behind the world’s biggest-ever financial fraud. But he needed people he could trust absolutely to pull it off, including operating bank accounts in Singapore and Switzerland where much of the billions of 1Malaysia Development Bhd money was laundered. The key person appears to have been Eric Tan Kim Loong. At one stage, it was thought that Tan, who was not an employee of 1MDB, was Jho Low using a fake name.

Last week, the Malaysian Anti-Corruption Commission (MACC) produced a photograph of Tan, who is now wanted not just by Malaysia but also Singapore.

The Edge Malaysia pieced together information from the US Department of Justice and the Malaysian Auditor-General’s Report to explain what Tan did, as well as the role played by two 1MDB executives wanted by MACC — Casey Tang Keng Chee and Jasmine Loo Ai Swan.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook