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1MDB execs approved fund transfer to Jho Low associate

Court documents show recipient firm was beneficially owned by Eric Tan, a close associate of Jho Low

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Key executives of scandal-hit 1Malaysia Development Bhd and a linked entity - SRC International (Malaysia) Limited - had authorised a transfer of US$11.95 million to a firm beneficially owned by Tan Kim Loong or better known as Eric Tan, a close business associate of Malaysian tycoon Low Taek Jho, according to documents submitted in Singapore's state court on Thursday.

Singapore

KEY executives of scandal-hit 1Malaysia Development Bhd and a linked entity - SRC International (Malaysia) Limited - had authorised a transfer of US$11.95 million to a firm beneficially owned by Tan Kim Loong or better known as Eric Tan, a close business associate of Malaysian