Jho Low denies claims of wrongdoing linked to 1MDB

Singapore

MALAYSIAN financier Low Taek Jho said attempts to link him to recent guilty pleas in the probes related to 1Malaysia Development Bhd (1MDB) are based on "unfounded assumptions", in response to Singapore prosecutors charging that he had used money traceable to the state fund for his own benefit.

He is the central figure in investigations linked to the strategic development company wholly owned by the government of Malaysia, and has received "huge" sums, the prosecutors said in court filings made public on Wednesday.