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
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 tycoon Low Taek Jho, according to documents submitted in Singapore's state court on Thursday.
The transfer of funds to Affinity Equity International Partners Ltd (a firm beneficially owned by Mr Tan) was done through Pacific Harbour Global Growth Fund AA4 - a fund that SRC I…
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