Sarawak Report can reveal that a second Jho Low company, Blackstone
Asia Real Estate Partners Limited, has paid hundreds of millions of
dollars into the personal accounts of both the Malaysian Prime Minister,
Najib Razak and also the ex-Chairman of Abu Dhabi’s Aabar fund, Khadem
al Qubaisi.
Aabar, a subsidiary of the IPIC sovereign wealth fund, has been
enmeshed in a series of highly questionable and loss making deals with
the scandal-torn Malaysian development fund 1MDB, which is directly
controlled by Razak, using Jho Low as his proxy.
A Sarawak Report investigation has established that Blackstone, a BVI
registered company which gives an address in Singapore, has been cited
as the sender of a series of enormous dollar currency payments to both
men between 2011 and 2012. Our information includes telegraphic
transfer documents passed through the American banking system.
The off-shore company uses a tactic familiar to watchers of Jho Low,
in that it apparently seeks to give the impression that it is associated
with the US global investment giant, the Blackstone Group. However,
there is no link whatsoever between the legitimate multi-national and
this secretive shell company.
More on Sarawak Report
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