Jho Low-linked company transferred US$15mil of SRC funds to several parties, court hears

KUALA LUMPUR: The High Court has been told that a company linked to fugitive businessman Low Taek Jho or Jho Low, which received US$15mil from SRC BVI, transferred out the funds to several prominent individuals.

Reading out her written witness statement, Quantuma International managing director Angela Barkhouse, who is also an offshore asset recovery specialist, said the company namely Muraset Limited, received the monies on Dec 27, 2011 and US$40,000 was transferred out to Battushig Batbold, the son of Mongolia former premier Sükhbaataryn Batbold.