In the interview, Jho Low lamented that his critics had not seemed to ask the question on who is the ultimate decision-maker in 1MDB, touching on the issue of the shareholder’s role.
1MDB’s sole shareholder at present is the Ministry of Finance. Prime Minister Najib Abdul Razak, who is also Finance Minister, chairs the advisory board of 1MDB.
“Are you telling me the prime minister doesn’t make his own decisions? That the ministry, the minister of finance, who is the prime minister – and there are only two to three people in the finance ministry that sign off on shareholder resolutions under law – that none of them…that they just signed without evaluating it?” said Jho Low.
“There are all these guys with their arrows out on me,” said Jho Low. “There seems to be a very, very coordinated attempt to say: ‘This young Chinaman, it’s all his fault, he caused the failure of 1MDB and apparently he advised the prime minister and everything is screwed up now’.
Jho Low makes an undeniable point in his interview with Euromoney. He lays the ultimate responsibility for 1MDB with his “Big Boss” (as he refers to Najib in countless emails) – the Prime Minister.
The Prime Minister makes his own decisions, says Jho Low and it is the Finance Minister (same guy in Malaysia) who signs off the shareholder resolutions for 1MDB (as the sole shareholder).
“Are you saying he doesn’t evaluate his own decisions?” questions Low? Quite.
The only thing Jho Low has got wrong is his complaint that no one else has pointed out this matter, since Sarawak Report has repeatedly pointed out the PM’s responsibility with Jho Low as merely the front man for his Big Boss.
Now that Jho Low has himself made this point, other Malaysian media should be less timid of speaking the obvious about who is really responsible for 1MDB’s missing millions.