Rosmah Mansor and her Jewellery, courtesy Jho Low


August 20, 2016

Sarawak Report: Rosmah Mansor and her Jewellery, courtesy Jho Low

Last month’s filing by the US Department of Justice confirmed the money trail, which had long been suggested by Sarawak Report, linking Jho Low’s mysterious role in funding the ‘First Lady’s’ obsessive diamond shopping with money he stole from 1MDB.

Our research in Hong Kong, a favourite jewellery haunt of Rosmah Mansor’s, revealed that by 2009 most of the money to settle Rosmah’s bills was coming via Jho Low.

Insiders from the industry explained to SR that the original ‘link man’ between traders and  Rosmah was the former Malaysian carpet trader Deepak Jaikishan, something that has been extensively exposed and admitted to by Deepak also.

However, in 2009, after Najib became Prime Minister and set about putting together 1MDB, it was Jho Low who started organising such payments, traders say.

He was the man to go to and emails seen by Sarawak Report confirm that he utilised his relationship managers at Coutts Bank Singapore for the purpose, including Yak Yew Chee, who moved on to manage the corrupt 1MDB/Jho Low accounts currently being investigated at the now closed Singapore branch of BSI Bank.

Yak organised transfers for jewellery purchases for Low

Yak organised transfers for jewellery purchases for Low in 2009

Sarawak Report earlier revealed how Jho Low’s company Batumba Investments Limited Hong Kong, which was a subsidiary of his then main business Wynton Capital, paid millions of dollars to a subsidiary of the New York jeweller Louis Glick called Rose Trading in Hong Kong to pay for Rosmah’s diamonds.

Transfer details of one of the payments sent to the relevant dealers

Transfer details of one of the payments sent to the relevant dealers

A related email from Jho Low ran ““Hi….please confirm receiving 1 million in total.. Datin is coming to Hong Kong. Do you want to show her more goods?”.

The transfers were run through Coutts as emails seen by Sarawak Report confirm:

Fwd Payment advice to Rose Trading USD1,000,000
From: Lee Julia (RBS Coutts, SG)
To:  jho.low@gmail.com

Dear Mr Low,

Thanks
Julia Lee (attachment)

Speaking to traders again last week Sarawak Report has confirmed that in late 2009 the series of purchases from Rose Trading had amounted to no less than $3 million.  They added that another $1.7 million was paid to another Hong Kong jewellery outlet called   Firestone.

DOJ confirm the 1MDB link

However, it was the DOJ filing last month which tied these purchases directly to money taken from 1MDB via the theft by Jho Low’s company Good Star Limited from the original ‘joint venture’ with the company PetroSaudi.

Amongst a bacchanal of expenditures towards Jho Low’s gambling and partying was listed that telling payment to Rose Trading:

“between October 2009 and October 2010, misappropriated 1MDB funds sent from the Good Star Account into the Shearman IOLA Account were transferred as follows: (i) approximately $12,000,000 in wires to Caesars Palace, a Las Vegas casino; (ii) approximately $13,400,000 in wires to the Las Vegas Sands Corp., the owner of the Venetian Las Vegas, another casino; (iii) a wire for approximately $11,000,000 to “Eric” TAN Kim Loong, an associate of LOW; (iv) approximately $4,000,000 in wires to Jet Logic Ltd., a luxury jet rental service; (v) a wire for approximately $3,500,000 to LOW’s sister; (vi) a wire for approximately $3,080,000 to Rose Trading, a Hong Kong jeweler; (vii) approximately $2,698,000 in wires to Yachtzoo, a luxury yacht rental service; (viii) approximately $2,288,000 in wires to Argent Design Ltd., a United Kingdom-based interior designer; (ix) a wire for approximately $670,000 to Excel Air, a jet rental company; (x) approximately $460,000 in wires to Skyline Private Air, an aircraft rental company; and (xi) a wire for approximately $155,000 to Billiyon Air, a jet rental company. [Section 108 DOJ Report]

From this information we can now join up how the 1MDB ‘investment’ went from Good Star Limited, first to Low’s US lawyer’s client account at Shearman, then eventually to Batumba Investments Limited and then on to Rose Trading.

“He should remember it’s my money too!”

The confirmation that Rosmah’s diamonds were bought using 1MDB cash, follows hard on the heels of ourearlier story that she paid for millions of ringgit of beauty treatments also from public money stolen from the 1MDB subsidiary SRC International, which had been funded from a loan from the public pension fund KWAP.

At the time stories about Jho Low’s gargantuan spending were hitting the news in the US and Malaysia. One confidante of the time has related that Rosmah had exploded on reading some of the coverage:

“He should remember its my money also!”

the First Lady angrily exclaimed.  At the time her listeners were not certain as to what she had meant.  But, now everyone knows!

$600 million yacht for sale – discounts likely

Major re-fit before sale in Hong Kong?

Major re-fit before sale in Hong Kong?

Meanwhile, the Hong Kong press have taken up Sarawak Report’s information that the yacht Equanimity is in the port and on offer for sale.

The South China Morning Post confirms that the boat has had a major re-fit in their docks and that a local agent has been engaged with a view to an apparent sale.

All parties say they have been forced to sign non-disclosure agreements, but have indicated that the ‘mystery owner’ of the yacht is eager for a quick sale.

Although Jho Low has treated the yacht as his own ever since he acquired it in 2013, hosting a massive party to celebrate his own birthday back in November together with a fundraiser for the UN foundation, Sarawak Report asks if perhaps the actual ownership of the boat is also a little more complex than might first appear?

That the money came from funds stolen from Malaysia can be of little doubt however and the boat ought by rights to be seized and sold by investigators in Hong Kong, who have stated that they are working together with the DOJ and other global agencies who have been working to retrieve 1MDB’s stolen assets on behalf of the Malaysian people.

It’s a job that Malaysia’s own government has been notably failing to undertake itself.

Off the coast in Hong Kong

Off the coast in Hong Kong

SARAWAK REPORT

 

10 thoughts on “Rosmah Mansor and her Jewellery, courtesy Jho Low

  1. Me don’t think the average kampong Malay understands this, even if translated to B.M. PAS flurs have problems with the number of zeroes.

    But what i’m most pissed off about is the incessant and absolute idiocy of Dedak quaffers, like that Langkawi MP who obviously committed Lesse Majesty when he claimed MO1 was constitutionally, YDPA!

    Btw, Growth hormone therapy as beautification causes acromeagaly and Neanderthal-ism. The so-called ‘specialist’ had to resign from his ‘diamond’ position.

    This is going nuclear, ya? Can some egghead here, tell me whether it’s possible to Stop a Chain-Reaction?

  2. Could some legal experts let us know , because I am not sure of the technicality involved in such an intricate matter , whether an Imprimatur could be drawn up from the DOJ ( or High Court Order/s of USA ) , to be filed in the ICJ @ The Hague ipsissima verba with the original issued by USA Court , such that ‘ no rats ‘ anywhere in the world can escape the dragnet , in these proceedings of tremendous concern to ALL Nations of its implications …..( now that it has become crystal clear from the Article ) ? –

    Not sure too . whether there has been any such precedents – shall be grateful /

  3. So what? It’s her money also.
    ______________
    How and where did she get the money? That is the question.–Din Merican.

  4. “He should remember its my money also!” – Puan Rosmah

    I wonder if the Burma Road school should a thank you note to Puan Rosmah.
    We love 1PM.

    http://www.starproperty.my/index.php/articles/property-news/jho-lows-donates-rm1mil-to-former-primary-school-at-burma-road-penang/

    “Najib’s administration has done the Chinese community a great service by making sure that our cultural roots are preserved through the high quality of our Chinese education….
    “Besides China and Taiwan, I cannot see another country except for Malaysia that has such a visibly strong focus on Chinese education.” – Jho Low.

  5. “He should remember its my money also!”

    Ah, yes, honor among thieves.

    How could Jho Low be so dishonorable as to spend her money, on, literally, wine, women and song?

    Wine = crystal champagne;

    Women = Paris Hilton, et al;

    Song = Alicia Keys, et al.

    Yes, I agree, Jho Low should be severely punished.

  6. Rightways, what do you think of Jho Low? Maybe he wouldn’t turn out that way had he been educated in the Chinese system and follow the teachings of the Chinese in China. Jho Low should follow the Chinese to lead the way for the rise in Asian way to be rich.

  7. May I clarify a little bit more, so that I shall be grateful for any legal-eagle to oblige with above-stated curiosity I’ve in mind .

    The great merit and advantage of the Imprimatur from the US Court filed in the Hague (ICJ) , is that IT WERE AS IF ALL PROCEEDINGS, HEARINGS AND INQUIRIES done in the US , is accepted as done . All what ICJ does is to Enforce & Implement the ” Orders ” , Injunctions whatsoever, as contained in the Imprimatur , much more widely, such that no ‘ rats ‘ can hide even in their smallest holes , anywhere , everywhere in the world. That to my mind is the Advantage by which the ICJ Hague DISPENSES with the long and protracted ‘trials’ that have taken place before the Judges in the USA from the Year 2012 whence it began……?

    Will it be the ‘correct’ assumption I’ve in mind,( which knowledge I hope to know or learn ) ?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s