It was literally through Tan’s hands (bank accounts) that US$2.36 billion ($3.15 billion) originating from 1MDB was moved to the accounts of various people, including former Malaysian prime minister Najib Razak — always at the instruction of Low.
SINGAPORE (June 14): The US Department of Justice (DoJ) described Eric Tan Kim Loong, 40, as an associate of Low Taek Jho or Jho Low.
He served as a proxy for Low in numerous financial transactions. He was the stated beneficial owner of several bank accounts, including in Singapore, into which misappropriated 1MDB funds were transferred.
