Report: Jho Low pacified Taib with 1MDB money
Controversial tycoon Taek Jho Low used money infused by 1Malaysia Development Berhad (1MDB) in a joint venture with Petrosaudi to effectively buy out Utama Banking Group (UBG Bank), allowing former Sarawak chief minister Taib Mahmud and his family to walk away with RM465 million, a report has revealed.
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