Malaysia

Jho Low dropped out of Wharton, Shafee tells court in 1MDB trial

Under questioning, prosecution witness says she was unaware of this

Updated 3 years ago · Published on 13 Dec 2022 7:59PM

Jho Low dropped out of Wharton, Shafee tells court in 1MDB trial
Prosecution witness and former AmBank relationship manager Joanna Yu Ging Ping agrees that Low Taek Jho (pic) would try to sell himself as a good businessman for the bank to do business with. – AFP pic, December 13, 2022

KUALA LUMPUR – The high court here today was told that fugitive businessman Low Taek Jho or Jho Low had dropped out of the Wharton School of the University of Pennsylvania, which is the world’s oldest collegiate business school.

Datuk Seri Najib Razak’s lead counsel Tan Sri Muhammad Shafee Abdullah said this when he queried former AmBank relationship manager Joanna Yu Ging Ping at Najib’s trial involving the misappropriation of RM2.3 billion from 1Malaysia Development Bhd (1MDB) funds.

Shafee: Were you aware of Jho Low’s qualifications?

Yu: Yes, something about Wharton.

Shafee: I recently discovered that he dropped out of Wharton. In fact, he never graduated from Wharton. Were you aware of it?

Yu: Oh! I didn’t know that.

Shafee: But he convinced you that he graduated from Wharton?

To which, the witness replied, “yes.”

Shafee: You would agree with me in general Jho Low would try to sell himself as a good businessman for the bank to do business with?

Yu: I believe so.

The 41st prosecution witness also said she had heard Jho Low mention the governor of Bank Negara Malaysia; the prime minister of Malaysia; a royal from Saudi Arabia, Prince Turki Al-Saud; and PetroSaudi International Ltd chief executive officer Tarek Obaid.

“He would say he was going to meet somebody from Kuwait. I would just let it pass as it didn’t matter to me,” said the 51-year-old witness.

The lawyer then moved on to Najib’s accounts, questioning Yu about any efforts made by the bank to contact Najib directly for any authorisation or clarification regarding his accounts and who was tasked to handle his accounts.

The witness said that she had never directly contacted Najib because she did not have direct access to him.

Najib, 69, is facing four charges of using his position to get bribes totalling RM2.3 billion from 1MDB funds and 21 charges of money laundering.

The trial before Judge Datuk Collin Lawrence Sequerah continues tomorrow. – Bernama, December 13, 2022

Related News

Malaysia / 1w

1MDB's US$346m suit against Rosmah: High Court sets trial for June

Malaysia / 1w

Opposition wants Jho Low to be brought to justice immediately

Malaysia / 1w

Any pardon for Jho Low by the US won’t affect our stand – PM Anwar

Malaysia / 2w

Jho Low may be among 250 individuals to receive Trump's pardon in conjunction with US Independence Day

Malaysia / 1mth

Court allows Najib to obtain documents ahead of 1MDB's US$8 billion suit hearing

Malaysia / 1mth

Jho Low's 1MDB Equanimity superyacht now a cutting-edge support and research vessel

Spotlight

Malaysia

Aminuddin denies abandoning Sikamat

Malaysia

BN-PN cooperation talks revive questions over political loyalty as PAS shifts closer to Umno

By The Vibes Says

Malaysia

Malaysian teen held in Hong Kong with RM260k cannabis haul believed to be drug mule

World

Starmer bids farewell as UK PM ahead of Labour leadership handover

Malaysia

BNPL users hit eight million as outstanding balances reach RM5.3b

Malaysia

KWAP fell victim to eFishery scam, invested nearly RM200 million - PM Anwar

Malaysia

Penang signs landmark Perak water deal to secure 40-year supply from 2032

Malaysia

PRN Negeri Sembilan: Hopes of KJ becoming MB dashed as name not on candidate list

World

US strikes Iranian missile sites as Tehran warns of wider energy disruption

Malaysia

Bersatu to contest Negeri polls under own logo as Muhyiddin blasts PAS-BN tie-up

Malaysia

“There are traitors among us waiting to topple Aminuddin” - Loke

You may be interested

Malaysia

Network School postpones new investments in Malaysia, seeks government guarantee

Malaysia

BN’s 11 unnamed seats fuel speculation of PN pact in Negeri Sembilan polls

By Alfian Z.M. Tahir

Malaysia

Bersatu's decision to use own logo signals voluntary split from PN in NS polls - Annuar Musa

Malaysia

BNPL users hit eight million as outstanding balances reach RM5.3b

Malaysia

‘No problems here. We are still united and strong’ – Penang CM

By Ian McIntyre

Malaysia

Malaysian teen held in Hong Kong with RM260k cannabis haul believed to be drug mule

Malaysia

RON95, diesel prices rise as Middle East tensions push up global oil costs

Malaysia

Bersama pulls out of Negeri election, targets Melaka battle with early preparations