Malaysia Scandal Grows Over Billionaire Who Gifted Stars

BANGKOK — Malaysia’s Finance Minister has requested the country’s Inland Revenue Board to start an investigation into Low Taek Jho, the billionaire who once gifted model Miranda Kerr with $8 million worth of jewelry, and his connection to a controversial sovereign wealth fund.
“The Inland Revenue Board was asked to investigate Jho Low and his family in connection with any returns or anything received in the 1MDB scandal,” Finance Minister Lim Guan Eng tweeted out in the early hours of Friday morning.
Low, better known as Jho Low, is the latest target in regards to the sovereign wealth fund — known as 1MDB — founded in 2009 by former Prime Minister Najib Razak. While the fund was initially created to promote economic development, it has instead been plagued with controversy as an alleged $4.5 billion has gone missing from it. Allegations of corruption drew swift criticism, which was quickly subdued under the previous government.
But now, a little over two weeks after a stunning election victory by Mahathir Mohamad — who campaigned extensively on the promise that he will return the billions stolen from 1MDB — the tide has turned for Low, who was allegedly the financier helping Najib set up the wealth

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