The Scheme To Scam Billions From Malaysia And How The Edge Is Standing Firm On Its Exposé

In the latest salvo, The Edge, which has published a series of exposés on 1MDB in the past, details the links between Jho Low and various transactions of moving monies.

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Cover ImageCover image via The Edge Financial Daily
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High Court lifts suspension on The Edge Financial Daily and The Edge Financial Weekly

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28 JULY: The Edge Media: We're not involved in any conspiracy to topple PM Najib

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Malaysians sign online petition to help save The Edge and Sarawak Report

PAC to Finance Ministry: "Where is Jho Low?"

Jho Low

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The Edge files an application for a judicial review of the ban

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27 JUL: Suspension of The Edge papers made in interest of Malaysia and its people, says Shabery

24 JUL: The Edge's publishing permits suspended by Home Ministry for 3 months

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Jho Low summoned by PAC to appear before panel on 8 September

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As of this morning, 9 people have been barred from leaving the country

From left: Rafizi Ramli, Datuk Tong Kooi Ong, Datuk Ambiga Sreenevasan

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DAP lawmaker [Tony Pua](http://says.com/my/news/lester-melanyi-reveals-truth-about-sarawak-report-and-1mdb) also made it to the list when he was stopped by the immigration at low-cost carrier terminal KLIA2 yesterday at 3.15pm.

On 20 July, Malaysia woke up to an exposé by The Edge which claimed that the evidence it had put together showing various transactions between 1MDB and PetroSaudi International were nothing but a scheme to cheat RM6.9 billion from Malaysia

The Edge Financial Daily says businessman Low Taek Jho and PetroSaudi International conspired to cheat Malaysia of over US$1 billion through 1Malaysia Development Berhad (1MDB).

Image via The Edge Financial Daily

The Edge, currently being investigated by Malaysian authorities for its previous articles on 1MDB, named Jho Low, Tarek Obaid and Patrick Mahony, abetted by a few 1MDB top executives, as the people behind the scam which started in 2009 with an initial USD1 billion investment by 1MDB that grew to USD1.83 billion by 2011

Jho Low, CEO of Jynwel Capital Limited.

Image via SCMP Pictures

In analysing "who got what", The Edge claims as follows:

In a note to readers, The Edge's publisher said the media outlet had a public duty to report the alleged scam. He said this was likely to be its last report on the matter and it would be handing over whatever it had to the agencies investigating 1MDB. "How can what we have done be deemed as a political conspiracy?" he asked.

Image via The Edge

In response to the exposé by The Edge, 1MDB was surprised by recycled, unproven allegations:

On 21 July, The Edge said, writing in an editorial, it is prepared to go to court to defend its articles related to 1MDB and Jho Low. It also offered to provide documents to government investigators.

Ho Kay Tat, Publisher and Group CEO of The Edge, says there is nothing wrong:

"As a media group, we believe we have a public duty to do, no matter how difficult and dangerous it may be for us. Meeting contacts to gather information is what media professionals do all the time in pursuit of a story. There is nothing wrong or sinister," the Group CEO said in a Facebook post following their front-page report on 1MDB.

Ho Kay Tat further said:

Screenshot of the statement posted on The Edge Malaysia's Facebook page.

Image via The Edge Malaysia

Furthermore, Nurul Izzah, Lembah Pantai Member of Parliament, has voiced support of the whistleblower sites, including The Edge

Image via Choo Choy May

In an opinion piece published on the Malay Mail, she writes that "investigative journalism forms the basis of a strong fourth estate," adding "I am a strong advocate of this function. An independent media functions as a check on government's excesses."

To further understand Jho Low's involvement in 1MDB:

Meanwhile:

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