The Kuala Lumpur High Court was told on Monday (Sept 9) that a staggering US$2.4mil had gone out of the coffers of 1Malaysia Development Bhd (1MDB) and into the bank accounts of celebrity Kim Kardashian and musician Pharrell Williams, via fugitive businessman Low Taek Jho's shell company Good Star Ltd.
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NewsTranscript
00:00The KL High Court was told that US$2.4 million had gone out of the coffers of 1MDB and into
00:08the bank accounts of celebrity Kim Kardashian and musician Pharrell Williams via Joe Lowe's
00:14shell company Goodstar Ltd.
00:17Financial fraud investigator Richard Templeman testified this during a Zoom hearing in the
00:22$6.59 billion lawsuit filed by 1MDB against former Treasury Secretary General Tanshri
00:29Mohamed Irwan Serigar Abdullah and former 1MDB CEO Arul Khanda Khandasamy on Monday.
00:37Based on his investigation, the plaintiff's witness said that by October 25, 2011, 1MDB
00:44had transferred a total of $1.03 billion to Goodstar for the benefit of Lowe.
00:52He added that those funds were transferred through a series of offshore companies and
00:56used for, inter alia, the personal benefit of the co-conspirators and their relatives
01:02and associates.
01:04The purpose of these transactions, Templeman said, was currently unknown.
01:08The hearing continues before Judicial Commissioner Raja Ahmad Mohsanuddin Shah Raja Mohsan.
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