The US Justice Department is probing whether fugitive Malaysian businessman Low Taek Jho was the source behind a US$100,000 (S$135,324.50) donation to a political fundraising committee for US President Donald Trump, The Wall Street Journal reported on Wednesday (March 13).
The donation was made by Mr Larry Davis, a US citizen who owns Hawaii-based investment company LNS Capital. The authorities are seeking to determine whether payments of US$1.5 million to LNS Capital seven months earlier by Low Taek Jho – who goes by the name Jho Low – financed the donation.
Low has been indicted in the US on three counts of conspiring to violate foreign anti-bribery laws and launder money. He also faces charges in Malaysia for his role in a scheme that pilfered billions of dollars from Malaysian state investment fund 1Malaysia Development Berhad (1MDB).
This article has been summarised, the full original article can be found at www.straitstimes.com