Jho Low was the ‘higher authority’

KUALA LUMPUR: Fugitive businessman Low Taek Jho was the “higher authority” in transactions involving Brazen Sky Ltd, a position above the then prime minister and finance minister, the High Court has heard.

Former BSI Bank wealth management services head Kevin Michael Swampillai, 59, said this was based on his observation that Low, also known as Jho Low, had greenlighted 1Malaysia Development Bhd’s (1MDB) US$2.3bil (RM10.2bil) offshore investment into Brazen Sky, a company set up to repatriate money belonging to 1MDB.