At the height of the 1MDB scandal, fugitive financier Jho Low, who stars in the best-selling bookMillions of dollars were syphoned off in the greatest money-laundering case of all time, according to a witness in the federal conspiracy trial of former Goldman Sachs banker Roger Ng in Brooklyn, New York.
The jury heard from a government witness how a quarter-million dollars for Leonardo DiCaprio, a US$385,773 bar tab, and $5,000 for “model wrangling” were disbursed as if nothing was wrong.The ex-banker, who testified before the authorities, recounted how millions of dollars stolen in the 1MDB affair were spent on lavish parties held by the high-flying Malaysian financier.
According to authorities, Low used some of the US$700 million he got off within the global scheme to pay for the bills. Alex Cohen, the chief financial officer of Strategic Group, an entertainment and marketing firm that organised parties for Low, testified about the numbers that flew from the 1MDB.
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