‘Jho Low’s firm got US$8.99mil kickback’

Busy day in court: Najib (centre) appearing at the High Court for the mention of another case related to money laundering in Kuala Lumpur. — Bernama

KUALA LUMPUR: A company believed to be linked to fugitive businessman Low Taek Jho received US$8.99mil in “kickbacks” for a US$91mil investment made by Aabar-SRC into a coal mining project in Mongolia, the High Court heard.

Offshore asset recovery specialist Angela Barkhouse said Low, better known as Jho Low, set up Blackstone Asia Real Estate Partners (BVI), a shell company with a name similar to real estate private equity firm Blackstone Real Estate.