Low Taek Jho has no involvement with 1Malaysia Development Berhad (1MDB), said Datuk Seri Najib Razak.

The Prime Minister said, all decisions and transactions are made by the company’s management and board of directors.

“Low Taek Jho has never worked in 1MDB and all decisions and transactions are made by the company’s management and board of directors,” Najib said in a written reply to Wangsa Maju MP, Datuk Dr Tan Kee Kwong.

Tan, in Parliament on March 12, had wanted to know if there were any connection between Low, who is also known as Jho Low, and the wholly government-owned strategic development company.

Previously, news portal Sarawak Report had alleged that a US$700 million (RM2.5 billion at the time of currency exchange) loan by 1MDB to PetroSaudi International in September 2009 had been channelled to Good Star Limited, a company said to be controlled by Jho Low.

The Malaysian tycoon had since denied all accusations of embezzlement and fraud thrown against him, and claimed that the allegations were politically-motivated.