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In 2012, a fat man with a big face proposed to "fresh meat harvester" Elva Hsiao. He first booked the entire page of the Taiwan Daily to show his love, and then booked the entire private beach in Dubai, igniting a romance worth more than 10 million. There were fireworks, a luxury hotel was booked, jewelry was sent by helicopter, and a top orchestra was invited to accompany the proposal. The entire proposal ceremony cost 32 million yuan!
The fat man was rejected by Elva Hsiao because of his poor looks, but his inhumane way of proposing successfully attracted everyone's attention.
People discovered that this fat man had numerous beauties, had sex with Hollywood actresses, and single-handedly emptied the Malaysia treasury. The former Prime Minister of Malaysia was imprisoned because of him, and Goldman Sachs Group owed tens of billions of dollars in debt because of him, but he has always been at large. Who is this mysterious fat man?
This person’s name is Jho Low , a Malaysian Chinese. In order to escape the war, his grandfather Liu Mingda left his hometown of Guangdong and went to Penang, Malaysia to invest in iron ore and made his first pot of gold. After graduating from a prestigious school, his father, Liu Fuping, started a plantation and then entered the financial market, expanding the family business.
Jho Low is a third-generation rich man. Because his two older brothers were ineffective, Liu Fuping paid more attention to the cultivation of his younger son. The 16-year-old Low Taek Jho was sent to Harrow School in England.
The students of Harrow School are either rich or noble, including members of the royal family. Although the Liu family is a millionaire, it is not worth mentioning in front of these people. At a young age, Low Taek Jho knows the secret to making friends with powerful people: money is the best stepping stone.
Low Taek Jho has packaged himself as a "Malaysian prince". He often entertains guests, spends money like water, throws lavish parties, and pays for all the food, drinks, and entertainment.
In order to make everyone believe in him, Low invited his classmates to Malaysia for vacation in the name of celebrating his birthday. He borrowed a mansion in advance, rented a luxury yacht, and carefully replaced the photos of the owner here with his own family photos. .
The party scene can refer to the movie "The Great Gatsby". In short, it is extremely luxurious, and 200,000 US dollars was squandered in one night.
From Harrow School to The Wharton School of the University of Pennsylvania , Low Taek Jho relied on false packaging to establish a wealthy persona and accumulated a large number of connections with famous families.
Among them is a young man named Riza Sharaz, whose stepfather Najib was elected deputy prime minister of Malaysia in 2005. And this year, Low Taek Jho graduated from university, and his opportunity came to flex his muscles and make money!
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Low Taek Jho did not study hard when he was a student, but instead spent a lot of money to make friends with powerful people. What does he want? Of course he wants to use his connections to gain more wealth, but how exactly does he do it?
In 2005, Low Taek Jho returned to Malaysia, rented an office on the 70th floor of a luxury office building in Kuala Lumpur, resold information, and helped Kuwait royal family friends buy an apartment building in Kuala Lumpur, which was worth US$87 million. , as a middleman, Low Taek Jho earned a large commission.
You may say, isn’t this just a real estate agency? What's so cool about it? But Jho Low’s business goes far beyond this.
Low Taek Jho knew Otaiba, the adviser to the Crown Prince of Abu Dhabi , and through him met Kaldoun, the head of Abu Dhabi's sovereign fund, and persuaded him to invest in Malaysia.
Low Taek Jho registered several shell companies, gave free stocks to these royal dignitaries, and then obtained loans from Malaysian banks. When the bank saw that there were so many prominent shareholders, they had no doubts about the authenticity of Low Taek Jho's company. Dollars are easily lent.
In 2009, Najib was elected Prime Minister and established the Malaysian 1MDB Investment Group, known as "1MDB". The company's positioning is to attract foreign investment and cooperation, manage the country's finances and stimulate economic development.
In fact, 1MDB was founded to embezzle state-owned assets and enrich his own pockets. The manipulator behind the scenes was Low Taek Jho, who was closely related to Najib.
Jho Low used 1MDB’s funds to purchase world-famous paintings and then sold them, and the difference in price went into the pockets of Najib and Jho Low.
Falsifying accounts is Jho Low’s specialty. When doing business with Saudi Arabian Oil Company to buy equity, 1MDB recorded US$1 billion on its books, but only US$300 million was actually paid. The remaining US$700 million was pocketed by Jho Low.
In 2012, 1MDB pulled Wall Street Goldman Sachs into the water. Goldman Sachs spent four years trying to build relationships with the Abu Dhabi sovereign fund to raise funds, but it has never been successful. Low Taek Jho had this personal network. He approached Goldman Sachs and said that he could handle the matter, but he would take a commission from it. The reason was that he wanted to use the money to bribe officials in Malaysia and Abu Dhabi.
Goldman Sachs agreed to this illegal activity because of the high commission of 10%. Low lobbied on both sides and successfully raised US$1.75 billion. Goldman Sachs received 190 million, and more than 800 million was used for business (acquisition of power plants). The remaining US$700 million was at Low's discretion. Regarding the
incident, Jho Low had a closer relationship with Goldman Sachs and had done this kind of thing several times. 1MDB issued US$6.5 billion in bonds, but only US$1.5 billion was actually recovered on the account. Goldman Sachs split 567 million US dollars, and the bulk of US$4.5 billion was divided between Najib and Jho Low.
The Great Kleptocratic State refers to Jho Low. Although he did not seek power to usurp the country's political system, he emptied the Malaysian treasury!
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The big rat got into the granary and ate until his brain was fat and his intestines were full. Low Taek Jho played tricks and obtained a large amount of illicit wealth. He walked around the market and enjoyed it as much as he wanted. Once the incident comes to light, how will he end it?
Low Taek Jho is fat and chubby, with squinty eyes. He had a cute and naive look when he was a boy. As an adult, his style of painting has become skewed and he looks very greasy.
But such a greasy man has made many beauties fall under his suit pants, such as Hollywood actress Lindsay Lohan , Hilton Group heir Paris Hilton , dimension Secret supermodel Miranda Kerr ...
What Jho Low relies on is his "money ability"! It cost 32 million yuan to propose to Elva Hsiao, which was just a routine operation for him.
When he was chasing Paris Hilton, he gave him a bottle of champagne worth 1.8 million pounds, and held a champagne party in Paris. He used the champagne as an spray gun to spray. You must know that each bottle of these champagnes has a minimum price of 280,000 yuan. Just spraying champagne at night cost 17.6 million!
Chasing Miranda Kerr, he gave away jewelry worth about 52.4 million yuan, including a heart-shaped diamond ring alone that cost 1.29 million U.S. dollars. The diamond ring is 11.72 carats, a veritable pigeon egg.
Not only jewelry, Jho Low also gave a transparent piano with all crystals, worth 1.1 million US dollars. Because the piano was too big to move in, another annex building had to be built next to Miranda Kerr's mansion to house this piano. piano. He also gave away a luxury yacht worth US$250 million.
Jho Low is not only generous to beauties, but also to men. He invested in "The Wolf of Wall Street ", sponsored a Lamborghini , and spent US$600,000 to buy the leading actor Leonardo a statuette for his birthday. Gifts and smooth relations allowed him to enter the White House and meet Obama .
Low Taek Jho tried his best to win over the Najib family, collecting the wealth obtained through fraud, first honoring Najib and his son, and buying various luxury bags and jewelry for Najib's wife.
In order to embezzle state funds more conveniently, Low opened numerous accounts at Swiss Bank BSI branches, made large-amount transfers, took advantage of the bank's loopholes, and laundered money in various ways.
Because of Jho Low’s skill, BSI not only did not investigate, but also contacted financial companies on his behalf to help him launder money using a fund operation model.
In a book called "Billionaires Swallowed", reporters visited many places and revealed the truth about Jho Low's fraud. When 1MDB exploded, it was discovered that this small Malaysian treasury had been completely drained by him and Najib, and it also owed US$13 billion in foreign debt.
In 2014, the police raided Bank Negara Malaysia to investigate Najib’s accounts and found that more than US$1 billion had been transferred to Najib’s personal account in just the past three years.
Since 2016, the US Department of Justice has launched a criminal investigation into 1MDB and announced that at least US$3.5 billion was illegally transferred by Jho Low and Najib.
In 2018, Najib was defeated miserably in the general election. He wanted to flee abroad on a private plane, but failed and had to be interrogated by the Anti-Corruption Commission. The police found tens of thousands of pieces of jewelry, hundreds of luxury bags and watches, and a large amount of cash in his mansion, with a total value of US$274 million. Najib was arrested in accordance with the law, and the once glorious prime minister became a shameful prisoner.
Goldman Sachs Group has also been targeted by regulatory authorities. In 2020, Goldman Sachs received a huge fine and became notorious for a while. Goldman Sachs did not want to be further investigated at the cost of paying a large settlement fund. The total fines and settlement amounts amount to more than 7 billion US dollars, which is 50 billion yuan when converted into RMB!
Low Taek Jho, of course, cannot stay out of the situation. His mansion, private jet, and sky-high price collections have been frozen, and more than US$700 million in assets have been recovered. There are also the pigeon eggs and yachts he gave to Miranda Kerr before, and the statuette he gave to Leonardo, all of which must be handed over.
But Low Taek Jho is a very cunning and cunning person. Before the accident in 1 Horse, he had already begun to transfer property, and then went into hiding to evade investigation. No one knows his whereabouts so far.
Low Taek Jho, the "Da Ma He Kun", is a kleptocratic state with all the agencies, and has countless beauties in the game. He is the most powerful third-generation fraudster in history. In the end, he is just like a rat crossing the street, shabby and shady.
Author: Linglongxin
