Tuesday, 20 July 2010
Paris Hilton on board cruise boat
Low Taek Jho is the man in sunglass on the left
(Free Malaysia Today) - “Mystery” man Jho Taek Low, who reportedly secured the RM500 million contract to redevelop the Sungai Besi airbase (Tentera Udara DiRaja Malaysia), is back in the spotlight, this time in France.
The millionaire businessman, who is closely linked to Prime Minister Najib Tun Razak’s family, was detained together with famed Hollywood star Paris Hilton by French police.
According to the French newspaper, Corse Matin, Hilton was detained at the Corsica airport after police dogs sniffed out her marijuana loot. Paris Hilton was briefly held by police on the French island of Corsica after being caught with cannabis in her handbag, according to police sources.
According to the French newspaper, Corse Matin, Hilton was detained at the Corsica airport after police dogs sniffed out her marijuana loot. Paris Hilton was briefly held by police on the French island of Corsica after being caught with cannabis in her handbag, according to police sources.
The paper reported that Hilton travelling with a personality who was “closely linked to the top Malaysian authorities” when she was detained.
But he was released after a 30-minute interrogation.
The mystery man was. Jho Low is said to be a friend of Najib’s son Riza and wife Rosmah Mansor.
Jho Low, a 28-year-old from Wharton Business School, is rumoured to be an adviser to some international corporations involved in oil, gas and construction.
The mystery man was. Jho Low is said to be a friend of Najib’s son Riza and wife Rosmah Mansor.
Jho Low, a 28-year-old from Wharton Business School, is rumoured to be an adviser to some international corporations involved in oil, gas and construction.
He is an avid party goer and fun lover with upper end NY socialites and celebrites. The girl in a sexy pink outfit in the photograph of partygoers aboard a boat in Paris, France is identified as Paris Hilton.
According to the OK magazine, Low had been splashing his money, holding expensive parties in various nightclubs and running up huge shopping bills in US.
Many had wondered how a 20 something could impart such a sum of their wealth and why a Malaysian can come all the way to be part of the posh socialite group.Was he doing it to pave the way for someone else ?
The New York Post had reported on Nov 8 last year that Low, who is in his 20s and a graduate from Wharton Business School in Philadelphia, spent thousands of dollars in nightclubs over a three-month period in the United States.
He caught media attention after being spotted partying with several celebrities, including singer P. Diddy, in the city. Low, whose own recent birthday party was attended by actress Megan Fox, was said to be working as a consultant with a few international companies.
According to the operator of Pink Elephant Club at 27th Street in New York, Low always spent between US$50,000 (RM161,150) and US$60,000 (RM193,380) a night, including flying eight waitresses to a party in Malaysia once.
Among the speculations that arose from there was the involvement of Low Taek Jho in the Rosmah advertisement in New York.
He was reportedly linked to APCO-like public relations companies
Who is Low Taek Jho ?
He is a Non-Independent Non-Executive Director of UBG Berhad
He was reportedly linked to APCO-like public relations companies
Who is Low Taek Jho ?
He is a Non-Independent Non-Executive Director of UBG Berhad
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(Malaysian, Aged 27 years, Non-Independent Non-Executive Director)
Mr Low Taek Jho was appointed to the Board of UBG Berhad as Group Advisor on 19 September 2008.
Low is a non-executive director of UBG Bhd. He is a representative of Majestic Masterpiece Sdn Bhd and Abu Dhabi-Kuwait-Malaysia Investment Corporation (ADKM), a 53 per cent shareholder of UBG, whose chairman is Mahmud Abu Bekir Taib, son of Taib Mahmud. (UBG has acquired a couple of CMS companies.)
Low currently serves as group advisor to several international corporations involved in global private equity, mergers & acquisitions, buy-outs, government-to-government offset structured investments and financing, networking and financial aid, amongst others.
He graduated with a Bachelor of Science degree in Economics with concentration in Finance from The Wharton School, University of Pennsylvania, United States of America.
An Asian financier, he called himself "J. Lo" and was reportedly looking to buy up luxe apartments in Manhattan's premier buildings with haste. Lo, who is currently renting a $100,000-per-month condo at West 56th Street's Park Imperial, counting neighbors like Daniel Craig, Sean "Diddy" Combs and Deepak Chopra, also recently signed a contract at the Park Laurel on West 63rd Street.
Low is a non-executive director of UBG Bhd. He is a representative of Majestic Masterpiece Sdn Bhd and Abu Dhabi-Kuwait-Malaysia Investment Corporation (ADKM), a 53 per cent shareholder of UBG, whose chairman is Mahmud Abu Bekir Taib, son of Taib Mahmud. (UBG has acquired a couple of CMS companies.)
Low currently serves as group advisor to several international corporations involved in global private equity, mergers & acquisitions, buy-outs, government-to-government offset structured investments and financing, networking and financial aid, amongst others.
He graduated with a Bachelor of Science degree in Economics with concentration in Finance from The Wharton School, University of Pennsylvania, United States of America.
An Asian financier, he called himself "J. Lo" and was reportedly looking to buy up luxe apartments in Manhattan's premier buildings with haste. Lo, who is currently renting a $100,000-per-month condo at West 56th Street's Park Imperial, counting neighbors like Daniel Craig, Sean "Diddy" Combs and Deepak Chopra, also recently signed a contract at the Park Laurel on West 63rd Street.
The Asian financier looks to take on collection of luxe Manhattan apartments
November 05, 2009
The Park Imperial at West 56th Street, where Lo is currently renting an apartment for $100,000 per month
Low Taek Jho and 1MDB
1MDB is a “strategic development company” owned by the Malaysian government. The firm started life as the Terengganu Investment Authority (TIA), which was set up to manage Terengganu’s RM1 billion annual revenue from oil royalties under what would be the country’s second sovereign wealth fund. TIA was established with the approval of the federal and state governments in March 2009, around the time Najib was set to take over as PM.
One of the key figures who advised the King (who comes from Terengganu) to establish the TIA was Low Taek Jho, reported the Edge on 14 December 2009.
(Low was previously reported in the Malaysian Insider, which cited a Singapore Straits Times report, as being part of Najib’s inner circle and having close ties with Middle East investment funds.)
The original idea behind TIA was to create a sovereign wealth fund with RM 5 billion from the federal government and another RM6 billion to come from Terengganu’s securitised future oil royalties receivable from Petronas
After reported problems over who should control the fund, TIA was turned into a federal entity, 1MDB. And now prized Sungai Besi land ( Old RMAF Airport ) is to be transferred to 1MDB with possible Middle-Eastern interest, as the Star reported on 19 May 2010. ""
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