Former 1MDB lawyer Jasmine Loo was first charged in absentia in December 2018 when she was accused of laundering US$5 million and US$999,975, being proceeds of unlawful activity received into the account of River Dee International SA (BVI) in Falcon Private Bank AG in Zurich, but to date the charges have yet to be pursued, giving rise to speculations about a possible deal with the authorities
KUALA LUMPUR — 1MDB former general counsel, Jasmine Loo Ai Swan, has yet to be charged for crimes committed under Section 179© of the Capital Markets and Services Act, giving rise to the speculation that she may have struck a deal with the prosecution to give evidence against former Prime Minister, Datuk Seri Najib Razak.
Jasmine Loo however reiterated today that she had not agreed to take the stand as a witness against Datuk Seri Najib Razak in exchange for ongoing criminal charges against her to be discontinued.
Loo, who is the 50th prosecution witness, said this under cross-examination in the High Court by Najib’s defence lawyer Tania Scivetti during Najib’s trial for misappropriation of RM2.27 billion in 1Malaysia Development Berhad (1MDB) funds.