I'm a victim of political crossfire, decries Jho Low 
MalaysiaKini.com
Mar 12, 2015     

He is a young and flamboyant billionaire, who reportedly parties with Hollywood celebrities such as Paris Hilton and is close to Prime Minister Najib Abdul Razak's family.

In Malaysia, the Penang-born tycoon has become a household name after being dragged into the mudslinging over 1Malaysia Development Berhad (1MDB).

However, Jho Low lamented that he is collateral damage in Malaysia’s political battle.

"I feel like I am a victim of the crossfire in Malaysian politics, which is getting more polarised. I’m a target," he told South China Morning Post in Hong Kong.

Low, whose real name is Low Taek Jho, said he has no power over the Malaysian government-owned firm.

"Business decisions by 1MDB are ultimately decided and approved in accordance to their corporate governance framework, which is the management, board and shareholders.

"So why politicise and try to blame it all on me when I have no decision-making authority?" he asked.

Low has consistently denied any active role in 1MDB but the allegation resurfaced after whistleblower site Sarawak Report leaked email correspondence between the company and PetroSaudi in which Low was part of.

In the interview, the 33-year-old businessman said while he does not benefit from 1MDB, he provides his views informally if requested.

"I'm not hired by 1MDB and I don't get paid any fees by 1MDB.

"If someone in 1MDB asks me for my views informally, I will give my views like any other Malaysian," he added.

Following the Sarawak Report leak, which followed a series of controversial business dealings, Najib instructed the auditor-general to audit 1MDB.

Low said he had nothing to hide and was prepared to facilitate this inquiry.

"If the Malaysian authorities ask me to assist in their investigations, I'm happy to cooperate. I've nothing to hide. I believe in the rule of law.

"As of today, I’m not under investigation. I've never done anything illegal," he said.

Low also admitted about his high-flying lifestyle but said he has become more circumspect now due to advice from his elders.

Sarawak Report had alleged that PetroSaudi was used as a front where Good Star Limited, a company controlled by Low, received USD700 million. 

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