Marked “For Internal Use Only” an Appendix to a Term Sheet due to be approved by the Malaysian Cabinet tomorrow (27th July) lays out in detailed figures how Najib plans for over US$7 billion in accumulated 1MDB/Jho Low company debts to be wiped out by taxpayers in a secret deal between his Ministry of Finance and the Chinese state company CCCC (China Communications Construction Company).
Jho Low whom born as Low Taek Jho is a Chinese person that works as an agent and as a financier in Malaysia. He who had gained notoriety in New York as a “tabloid party boy” is also reported to have a close relationship with the stepson of current Malaysian Prime Minister Najib Razak that goes by the name of Riza Aziz.He has also been associated with several high value transactions mostly in the acquisitions of businesses, luxury art and real estate, as well as philanthropy. All of the transactions made by him are often opaque which make it unclear whether he is acting as an agent or on his own behalf. In addition, he also runs a finance company in Hong Kong called Jynwel Capital.