Jho Low

A teenager, far from home, and the kid down the hall happens to have a stepfather who will one day control the country's checkbook.

Was that luck, or was Jho Low just very good at choosing friends? And people still argue about this.

Now his next stop, he's coming to America, the Wharton School of Business at the University of Pennsylvania, one of the best business schools in the entire world.

And Joe Lowe did not behave like a student.

So here's the first deal.

It's the one that sets the pattern.

According to reporting, In 2009, Najib and Jho Low met with representatives of an oil company called Petro Saudi on a yacht in, of course, the yacht capital, Monaco.

And out of that meeting came a partnership.

You know what type of families that is.

According to Wikipedia's retelling of a book I haven't read, she was in a relationship with Jho Low, best known for stealing a bunch of money from Malaysia's sovereign wealth fund and for being an active fugitive.

They don't know where he is.

Well, it's emerged this week that the alleged mastermind behind one of the greatest financial scandals in history has allegedly been using a fake Australian passport while living in China.

Jho Low was alleged to have played a key role in defrauding Malaysia's 1MDB Sovereign Wealth Fund of more than four and a half billion US dollars.

[laughs]

Is this a picture of him with, is he partying with Paris Hilton?

When the compliance officers at the bank saw wire transfers for hundreds of millions of dollars going to Abar, they assumed it was the legitimate state fund.

When in reality, the money was being routed directly into the personal accounts of Jho Low and corrupt officials.

That is just devious.

It's corporate identity theft used to hijack a wire transfer.

And the project would be inflated to 60 billion ringgit.

And this document I was given... laid out in black, white and a column of red for the figures, actually, exactly how that extra 30 billion ringgit would be spent over the next five years, paying off Najib's debts for 1MDB and various other debts that Jho Low and he had run up.

Extraordinary document.

And was I to believe it was true? It was quite a moment for me.

This is four years on from a gentleman named Bashar Kiwan.

He said, I'm in Kuwait.

I can send you pictures of Jho Low, Najib's proxy, together in Kuwait with my business partner, who was the son of the Kuwait prime minister.

And he told this extraordinary story about how this Malaysian young man had come representing Prime Minister Najib to Kuwait.