Liquidator traced misappropriated 1MDB funds through 29 offshore entities, court told
Offshore asset recovery specialist Angela Barkhouse agrees that fugitive financier Jho Low was among those at the centre of the 1MDB controversy.
Angela Barkhouse, appointed liquidator for 29 offshore entities, testified in the US$5.64 billion 1MDB civil suit against former Malaysian Prime Minister Najib Razak. The entities, including Lucetta Investments Ltd and Blackrock Commodities (Global) Ltd, were used as intermediaries to misappropriate 1MDB funds, according to Barkhouse.
She is the third witness in the case and a managing director of Kroll (Cayman) Ltd. Barkhouse's investigations continue as she obtains and analyzes information to pursue claims against parties involved in the alleged fraud. During cross-examination by Najib's lead counsel, Shafee Abdullah, Barkhouse confirmed that Jho Low, a fugitive financier, was at the center of the controversy surrounding 1MDB.
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- Liquidator traced misappropriated 1MDB funds through 29 offshore entities, court told freemalaysiatoday.com
