1MDB Funds Linked to Kardashian, Pharrell
1MDB Funds Linked to Kardashian, Pharrell

1MDB Funds Linked to Kardashian, Pharrell

News summary

During a High Court hearing in Malaysia, it was revealed that US$2.43 million from the 1Malaysia Development Bhd (1MDB) was funneled to celebrities Kim Kardashian and Pharrell Williams through fugitive businessman Jho Low's shell company, Good Star Ltd. Financial fraud investigator Richard Templeman testified that between 2011 and 2012, 1MDB transferred a total of US$1.03 billion to Good Star for Low's benefit. Notably, US$2,025,000 was transferred to a bank account under Talamasca Inc., linked to Pharrell, while Kardashian received US$406,000 alongside her then-husband Kris Humphries. The purposes of these transactions remain unclear, according to Templeman, who noted that funds were transferred through complex offshore networks for the personal benefit of associates. This revelation came during a US$6.59 billion lawsuit against former 1MDB executives, highlighting the ongoing scrutiny of the scandal linked to the Malaysian sovereign wealth fund.

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