KUALA LUMPUR, March 14 — Now-fugitive Low Taek Jho’s luxurious lifestyle and flashy spending as if it was “his grandfather’s money” should have caused 1Malaysia Development Berhad to be concerned as the company’s finances were on the decline, former prime minister Datuk Seri Najib Razak’s lawyer suggested today.
Agreeing that 1MDB personnel believed Low to be representing Najib in 1MDB affairs, Azmi explained that news reports about 1MDB caused him concern over whether the company’s transactions — which Low was involved in — were actually “something wrong” if Low was actually doing “something else”. “The spending is close to insanity even by standards of billionaires, which would make everybody in 1MDB alert, standing on attention, what is Jho Low doing,” Shafee remarked, claiming that Low’s spending would obviously lead to suspicion about whether Low lacked honesty.
Shafee insisted that 1MDB should have been concerned over Low’s lifestyle as the company 1MDB was not doing well in terms of finance, but Azmi replied: Again that is his private life, we were only looking at him in relation to the company. I don’t know what source of wealth he has.” Azmi again highlighted that this was “two different things”, noting that he was concerned about 1MDB but that Low’s lifestyle was a separate matter, and later also said he had not seen many of the articles highlighted by Shafee.
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