Malaysia

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

Under questioning, prosecution witness says she was unaware of this

Updated 1 year 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

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