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 / 18h

Anwar surprised by Najib's new pardon attempt

Malaysia / 4w

Najib raises objections to 80% of ex-1MDB CEO’s witness statement over hearsay

Malaysia / 4w

US$620 million returned, not to Najib's account - Angela

Malaysia / 1mth

1MDB audit did not cover Najib’s personal accounts, court told

Malaysia / 1mth

Shafee seeks to strike out parts of Tony Pua's statement

Malaysia / 1mth

Najib must be held accountable for 1MDB's US$5.6 billion loss -  lawyer

Spotlight

Malaysia

Wanita UMNO: Najib’s contributions must not be erased, says Noraini

Malaysia

Guan Eng hands recommendations to PM to boost unity, integrity between West, East Malaysia.

By Ian McIntyre

World

Five dead, 87 missing after ferry fire off Palawan

Malaysia

Anwar surprised by Najib's new pardon attempt

Malaysia

Lawyer denies Abdul Azeez chose to appear in lock-up uniform, handcuffs

Malaysia

Flying Doctor Service to continue despite fatal Sarawak crash

Opinion

“I’m not a war criminal, I’m a patriot”: Shavendra Silva’s amnesia tour meets the receipts

By Abbi Kanthasamy

Malaysia

British management on trial – does a royal management institute deliver value?

Malaysia

Nearly 10,000 potential fire hotspots detected on RSPO-managed land

You may be interested

Malaysia

Undang Yang Empat produces letter allegedly confirming Tuanku Muhriz’s removal

Malaysia

Lawyer denies Abdul Azeez chose to appear in lock-up uniform, handcuffs

Malaysia

Abdul Azeez, two former TH executives remanded 2 days over alleged hibah fraud

Malaysia

Hng’s 31-year Gerakan exit puts focus on political direction

By Alfian Z.M. Tahir

Malaysia

Najib house arrest bid may be decided on Sept 11

Malaysia

RM2.41b drug seizure uncovers massive Puncak Alam lab

Malaysia

Proclamation to remove Tuanku Muhriz invalid, says Undang

By Alfian Z.M. Tahir

Malaysia

Man held after social media claim he solicited alms while carrying parang