Swiss private bank Lombard Odier has handed over to investigators about 900 pages of documents related to Yousef Al Otaiba, the UAE ambassador who is allegedly linked to the 1MDB scandal and Malaysian financier Jho Low, finews.com reported.
The Swiss financial news website reported that the bank held an account for Yousef.
Finews.com said that Swiss French-language newspaper Le Temps had reported that the Geneva-based Lombard Odier had handed over more than 900 pages of documentsn relating to Otaiba.
Yousef allegedly has a financial link to Jho Low, the Malaysia businessman whom US prosecutors believe masterminded the illicit trail of state money into private coffers.
Le Temps had also reported a pattern of doubt and mistrust on the part of the bank, which had shut Otaiba’s account in 2016. It also showed that Otaiba was wary of Jho Low, whom he had financial dealings with, finews.com reported.
According to finews.com Jho Low had asked Otaiba to write him a recommendation for Goldman Sachs’ wealth operation in Switzerland. Finews.com said Otaib had told an associate to “invent an excuse” not to do it.
Jho Low had received a similar recommendation letter from Tim Leissner, a former Goldman Sachs banker in Asia who was investigated by US authorities and has since been banned from Singapore’s finance industry for 10 years.
Another sign that Otaiba was growing wary: he wrote in another email that Low “needs to calm down and quit partying”, referring to the financier’s propensity for the New York and Los Angeles red carpet scene, finews.com reported.