PENANG-BORN businessman Low Taek Jho, better known Jho Low, has slammed a book by Wall Street Journal journalists, saying it was “written with allegations disguised as fact and gossip passed off as legitimate reporting”.
The book, Billion Dollar Whale: The Man Who Fooled Wall Street, Hollywood, and the World, written by Bradley Hope and Nicholas T. Wright, goes on sale tomorrow.
Low is the central figure of the book, in which he is accused of looting billions from state investment firm 1Malaysia Development Bhd.
In a statement posted on his his newly launched website, the authors were criticised for attempting to make “instant history” with information that is “mostly about transactions undertaken by global financial institutions, sovereign wealth funds and the managers of 1MDB”.
“In fact, Low seems to disappear from the narrative when any of the alleged fraud occurs, only to then be accused – without any evidence – of having been responsible for it,” the website said.
“But, as The Financial Times noted (in its book review), that sort of tale doesn’t sell books or get the authors a movie deal. Thus, this book is written with allegations disguised as fact and gossip passed off as legitimate reporting.
“The narrative is framed to allow the authors to write about celebrities, and models and parties, without ever proving any of the allegations.” – September 17, 2018.
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Comments
Posted 7 years ago by Malaysia New hope · Reply
Posted 7 years ago by Ju Laza · Reply
So that is why the website was launched so that you can create and say your own stories, and make all sorts of claims and allegations! You are really a moron
Posted 7 years ago by Thiruchelvam Thirunavukarasu · Reply