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1 Malaysia Development Berhad scandal-1MDB
Manage episode 245408991 series 2291567
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Jho Low wasn’t poor – in fact, his family was worth millions. But it wasn’t enough. Desperate to keep up appearances with his peers at an elite private school in London, he started styling himself as an Asian “prince.” At university in America, Low cultivated a circle of well-connected peers. It was those contacts which eventually allowed him to pull off a massive construction deal in his home country and curry favor with Najib Razak, the future prime minister and the man who put Low in charge of a billion-dollar investment fund. Low used his position to pull off the heist of the century and siphon millions into his own account to fund his lavish lifestyle. When the theft was finally discovered, it brought down the Malaysian government.
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