Every country's financial budget and every financial expenditure are subject to the approval of various departments of the state, but there is a man who has single-handedly emptied the Malaysian treasury!
Through the illegal transfer of funds, this person was simultaneously accused by the United States, Britain, Malaysia, and Singapore, involving an amount of about $4.5 billion, which immediately plunged Malaysia into a financial crisis.
Jho Low
Malaysia's prime minister, who was sentenced to 12 years in prison, is still in prison.
And this man is still at large. This man is so lawless, who is he?
The bloodline imprinted on the family
In 1981 in Penang, Malaysia, a chubby little boy was born with a cry.
The family named him Liu Dezu, and later changed his name to Jho Low, and no one ever thought that it was this little boy who made Malaysia crumbling in adulthood.
Jho Low was a descendant of Chinese descent who was born into a wealthy family, thanks to his grandfather.
His grandfather's name was Liu Mingda, who grew up in Jieyang, Guangdong, and his family had been in business for generations, and after Liu Mingda took over the responsibility of running the family from the older generation, he vowed to protect the family's wealth and property.
In the 1940s, Japan launched a large-scale war of aggression against China.
Liu Fuping
Liu Mingda watched the Japanese invaders' artillery fire constantly destroying his country, and he wanted to protect his family.
So he sold everything he could sell in his home, and gave or destroyed everything that could not be sold, preferring to destroy it rather than let anything fall into the hands of the invaders.
Eventually he traveled through Thailand to Malaysia with what little savings he had.
Although the house and land are gone, as Liu Mingda, who has been engaged in business for generations, this is not a problem, as long as people can start all over again. With the help of local Chinese, Liu Mingda chose to settle in Penang.
Old photos of Malaysia
With the keen judgment of the businessman, he invested all his money in an iron mine, and the result did not disappoint him, and this desperate investment allowed him to earn a bucket of gold in an exotic country, and also began his business layout planning in Malaysia.
In order to have someone to help him and continue to grow the family business after a hundred years, Liu Mingda decided to raise his own children.
So Liu Mingda married a local woman and soon gave birth to a son named Liu Fuping (Liu Tezo's father). From an early age, he taught his son that the revitalization of a family depended on the mind and knowledge.
Liu Fuping also lived up to expectations, successfully entering the University of London in the early 1970s to study economics, and then went to the University of California to pursue an MBA.
Jho Low and father
When he returned from his studies, the stock market in Malaysia was booming, so he used the knowledge he learned to take advantage of the wind and buy the equity of a garment factory, and this small test knife made him make a lot of money.
With this success, Liu Fuping let go of his hands and feet, and he used the funds in his hands to continuously expand his business in the form of acquisitions involving petroleum, real estate, high-tech products and other fields.
As a result, the "Malaysia Integrated Industries Group" was officially established, and the Chinese business circle in Penang can be said to be known to everyone and everyone.
Unlike his father, liu fuping has experienced the hard days of fleeing and starting from scratch, so he is very generous with his children, buying whatever he wants, and he believes that if he wants to learn to make money, he must first learn to spend money.
Jho Low
As the youngest child in the family, Jho Low's focus is still a boy, who has lived a life of spending money since he was a child, and he is spoiled by his parents and brothers and sisters to the point of lawlessness, and he can get whatever he wants, even if he does something wrong, he will not get severe criticism.
In Malaysia, if you want to make the family business bigger and better, you need to get the support of the royal family and nobles.
Therefore, Jho Low has watched his father often attend local celebrity gatherings since he was a child, but Malaysia is very sensitive to identity, even if the "Malaysian Integrated Industrial Group" is big, but the identity is not a celebrity, still can not get the support of the nobility.
Therefore, Liu Fuping pinned his hopes on Liu Tezo, starting with the next generation of the nobility.
Jho Low (right)
When Jho Low was 13 years old, Liu Fuping sent him to Uplands, an international school of Malaysian aristocrats, which cost $20,000 a semester.
He then sent Jho Low to Harrow College, Britain's most prestigious private school, which produced many political or literary elites such as Prime Minister Churchill and poet Byron.
Jho Low has seen his father's hard work and communication in the business circle since he was a child, and naturally he has won the essence of his father in treating people and things, and at the same time, the superior living conditions he has since childhood have naturally brought him a sense of self-confidence.
Soon, Jho Low's cheerfulness and good conversation made his circle of friends expand rapidly. Among them were members of the Brunei and Kuwaiti royal families, as well as The Malaysian Defence Minister's stepson Zaziz.
He successfully completed the first step of his father's task, became friends with the next generation of the nobility, and one of Jho Low's feet had entered the upper circle.
Harrow College
After graduating from Harrow College, many students chose to go to Oxford, Harvard and other universities to continue their studies, but Jho Low did not care about the quality of their studies.
His purpose is to continue to expand his social circle, in his cognition, if he wants to make the business map bigger than his father, he must constantly make new contacts, and sometimes opportunities are much more important than effort.
So he took a fancy to one of the world's most famous business schools, the Wharton School of the University of Pennsylvania in the United States. Here, many elites such as Buffett, president Trump, Tesla president Musk and so on have been cultivated.
When he entered the school, he found that Trump's daughter Ivanka was actually his classmate, and he was more certain of his choice.
At this time, Jho Low had faded his previous youth, and his ambition was expanding with his figure.
Ivanka
In order to match the identity of the aristocrats or heirs of the big business in the school, he began to package himself as the son of a rich man with many gold and talents.
His chubby figure, with his eyes and particularly generous shots, makes it easy for him to quickly build trust with others. Hence the name "The Eye-catching Little Fat Man" at school.
Jho Low was particularly keen on throwing parties, setting up a luxury villa for rent, calling it his own home, and falsely claiming to be a Malaysian prince with most of Asia's wealth.
He danced with long sleeves at parties, often inviting many classmates from superior families to party all night long, and all the expenses for eating, drinking and having fun were paid for by this Liu Gongzi.
A party hosted by Jho Low
At the same time, he also published articles through the way of writing and washing manuscripts, and the unique insights on the economy and stock market in the articles attracted the recognition and admiration of a large number of people, including several Middle Eastern aristocrats.
The Middle Eastern nobles admired Jho Low and invited him on a trip to the United Arab Emirates. It was also this trip that allowed him to meet several new friends.
Abu Dhabi's crown prince's assistant, Otaba, who is mainly in charge of foreign affairs, knows nothing about business.
So Jho Low began to talk about the economic situation in Southeast Asia with the knowledge he had learned, which Wastéba had not been exposed to, and felt that Jho Low was a business wizard, so he immediately introduced him to Carl Doon, the head of the Abu Dhabi National Sovereign Fund.
Graph source network
After Jho Low successfully graduated, with the help of the nobles and high-class people he befriended, he had a lot of conveniences, plus his business acumen.
Jho Low quickly had his own properties in the United States, Britain, Malaysia and other countries, and even founded Red Rock Film Company to make movies with his own Lamborghini sports car.
Obsessed with the entertainment industry
Don't look at Jho Low, but what makes him attract social attention is not how high his social means are or how big the industrial territory is, but his obsession with the beauty of the entertainment industry.
Don't look at Jho Low's appearance is getting worse and worse, the figure is getting fatter and fatter, but the beautiful women around him are all big stars, one is more beautiful than the other, from home to abroad he has not fallen.
Jho Low
Moreover, these beauties were all thrown into the arms of Low Tezo under the attack of money, and the only time they lost was defeated at the hands of Xiao Yaxuan, who only loved fresh meat.
At that time, the major media broke the headlines: the mysterious Rich Malaysian businessman chartered the entire private beach and proposed marriage to a well-known woman.
Later, at any time, the video leaked out and learned that it was Low Tezo who expressed his love to Xiao Yaxuan that night.
The proposal is rumored to have cost almost £1 million.
The video shows that Xiao Yaxuan took a high-end Rolls-Royce luxury car to the hotel that day, and the restaurant not only had a romantic candlelit dinner, heart-shaped candles, but also gorgeous large fireworks, courtship words spelled out by LED screens on the beach, and even invited a professional orchestra to perform the soundtrack.
In the video, there is also a handsome handsome man who escorts 12 Chopin diamond necklaces from the sky with a parachute, and Xiao Yaxuan is immediately moved to tears.
Afterwards, the media rushed to interview the parties, and Xiao Yaxuan responded that he only regarded Liu Tezuo as a younger brother and did not receive gifts, which was a polite refusal.
Xiao Yaxuan
But Jho Low was not lost in the slightest, and immediately seamlessly docked with the famous American child star Lindsay Rohan, with a big hand, a bottle of French champagne of 50,000 US dollars was casually opened 23 bottles.
Lindsay Rohan
Immediately after the novelty, he targeted the Hilton Hotel Qianjin Paris, who once again used his party killer skills to meet Paris on the grounds of the party.
They had a champagne party in Paris saint-Tropez, and he once again proved with his actions what money and willfulness are, the champagne and wine used on the scene are casually tens of thousands of dollars, and the wine he uses as a water gun spray costs $17.8 million.
Beauty would also bow her head for money and look at Low's greasy face, and Paris still gave him a fragrant kiss, but soon after they broke up.
Jho Low and Paris
In 2014, he fell in love with top supermodel Miranda Kerr, and during the relationship, Jho Low spent at least $8.1 million on jewelry alone, and the pianos sent out were specially customized from the Netherlands, and the 250 million yachts said to buy.
Miranda Kerr and Crystal Piano
Valentine's Day also spent $1.29 million to order a heart-shaped diamond ring for your loved one. Under such attractive conditions, the two intended to get engaged after getting along, but in the end it was still a no-brainer.
But Jho Low didn't care, because as long as he had money, he could get anything.
Miranda Kerr
In addition to being interested in the beauties of the entertainment industry, Jho Low is also interested in stars.
Jho Low loves movies, and the movie "The Wolf of Wall Street" was invested by Jho Low's company, so he became friends with Leonardo.
In 2014, "The Wolf of Wall Street" was nominated for major awards, and it was also the year that Leonardo could have the Oscars, but in the end it did not get his wish.
Not wanting his friend to disappoint, Jho Low bought an Oscar trophy from a collector and gave Leonardo a $3.2 million Picasso painting to comfort him.
Stills from The Wolf of Wall Street
The wrong path driven by interests
In fact, Jho Low's grandfather and father are very low-key people, they will appear as long as they are donations, but they are not keen on interviews.
However, Jho Low was not, and his wanton squandering behavior was too ostentatious, and eventually attracted the attention of the relevant departments. What kind of business can make so much money in a year and make the boss splurge so much.
That's thanks also to Carl Doon, head of the National Foundation he met in the Middle East that year.
In that chat, he learned that in fact, all countries have self-funded plans to develop their economies, so if he can be an intermediary between countries, use the connections in his hands to match and promote projects, so that he can get a generous commission and may also serve in the future in the country, it is not the best of both worlds.
Jho Low (right)
In 2007, he learned through his high school classmate, Malaysia's defence minister's stepson Zaziz, that Malaysia intended to build an international financial centre that could rival Singapore's counterpart through the national sovereign fund Khazanah, but had no money and was currently looking for a partner.
Jho Low immediately thought of Orteba and Carl Doon, who were far away in the Middle East.
After his bridge, the two sides reached an agreement, and Malaysia successfully received an investment of $800 million from the Mubadala Fund.
Jho Low has received attention and recognition from the political arena, but he wants more than that, so the credit for the success of this cooperation has been given to Najib, and he wants to make a bigger innings.
The financial center is a key support project in Malaysia, and if you can be responsible for the development of the project, you can get more money.
Riza Aziz (first from left) and Tzo Low (third from left)
But at this time, he did not have a construction company in his hands, and the fastest way was to acquire. The acquisition of two companies required a lot of money, and his businessman's mind was working at the moment, but unfortunately it was not used on the right path.
He thought of the old way of registering a shell BVI company to take out a bank loan, but he needed the endorsement of the nobility (pan pointer is jointly and severally liable for something) so that the bank could give him more money.
So he first registered a BVI shell construction company and began giving away shares to some aristocrats in the Middle East and Malaysia, and then he registered two companies with similar names to the National Investment Agency to confuse the public.
The shares of the three BVI companies merged with each other, and without spending a penny, he created a large multinational corporation that successfully defrauded more than $40 million in loans from banks.
Coupled with Najib's assistance, Jho Low successfully won the bid for the construction rights of the financial center, and during the construction phase he once again earned $200 million through various means.
Jho Low, Najib
Through this success, he certainly knew that the government had any benefit and had to tie up the Najib father and son tightly. He gave $80 million to the Najib fathers and sons.
Jho Low's political vision was indeed unique, and in 2009 Najib was elected Malaysia's sixth prime minister, and he knew that the opportunity to make money was back.
They set up Malaysia's new sovereign fund, 1MDB.
This fund is ostensibly used for scholarships and construction, but in fact it is just a tool for Jho Low to accumulate wealth, and it is even more rampant, through this fund and the use of investment in various countries, at least a billion dollars have entered the pockets of Jho Low and Najib.
How can a large amount of money need to be whitewashed without attracting the attention of others, and some people have also raised questions and applications for investigation during the period, but they have all been suppressed by Najib.
In 2018, with Najib's unsuccessful candidacy, investigations into him and Jho Low reopened.
Jho Low
It is reported that the Malaysian treasury has been almost hollowed out by two people in 2014, and the United States, Britain, Malaysia, and Singapore have simultaneously accused Jho Low and related companies.
When the police investigated several residences of Najib, they searched for a total of 1.8 billion yuan worth of property, which allowed 150 people to calculate for 36 days, and Jho Low's jewelry and other belongings to the beautiful women were also recovered one by one.
The case also became a sensational financial fraud case around the world.
Najib (left)
On 28 July 2020, according to the BBC, a judge in the Kuala Lumpur High Court announced on the same day that the prosecutor's office confirmed that all 7 charges against Najib were convicted of the same sentence, and sentenced the 67-year-old Najib to 12 years in prison and a fine of 210 million ringgit (about 346 million yuan).
It is reported that Jho Low reached a settlement with the United States after handing over $700 million in 2019, but refused to plead guilty.
In addition, the United Kingdom, Malaysia and Singapore still list him as a fugitive, and Jho Low's whereabouts are currently unknown.
There is an old saying in China that the rich are not more than three generations, and Liu Tezuo is in the third generation.
Jho Low
Jho Low could have achieved something great with his superior origins and his extremely high intellect.
But the daily drunkenness of gold fans made him sink deeper and deeper into the abyss of desire.
In order to satisfy his own selfish desires, he has to go astray, and the identity that is constantly climbing is just a label, and when everything is gone, I don't know if he will feel empty, there is a home that cannot be returned, and there is a country that cannot be returned.
When the moon is full, it loses, and when the water is full, it overflows. A gentleman's wealth has a way to get it.