KUALA LUMPUR (Nov 2): Low Taek Jho, who is also known as Jho Low, maintained his innocence after the US Department of Justice indicted him on Thursday (Nov 1) for conspiring to launder billions of dollars embezzled from 1Malaysia Development Bhd (1MDB).
“Mr. Low maintains his innocence. As noted in the indictment today, Mr. Low held no formal position at 1MDB, nor was he ever employed by Goldman Sachs, or the Governments of Malaysia or Abu Dhabi. Furthermore, the bond offerings detailed in the indictment were undertaken openly and lawfully between experienced, well-regulated financial institutions and government entities
“The US Department of Justice specifically states that the charges in the indictment are allegations, and that Mr. Low is presumed innocent unless and until proven guilty. Mr. Low simply asks that the public keep an open mind regarding this case until all of the evidence comes to light, which he believes will vindicate him,” a spokesman for Low, through his legal team, said in a statement on Thursday in response to the indictment.