A DAP lawmaker has urged authorities to investigate Low Taek Jho for money laundering for the use of "illicit funds" to orchestrate the purchase of Utama Banking Group (UBG Bank) in 2010.

Petaling Jaya Utara MP Tony Pua said the entire complicated structure of the 1Malaysia Development Bhd (1MDB)- Petrosaudi International Ltd joint venture in 2009 seemed to have been "designed to eventually allow Jho Low and his associates" to siphon billions of ringgit from the Ministry of Finance.