MACC brings back suspect in 1MDB, SRC case
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The suspect is being investigated on suspicion of receiving money from the misappropriation of 1MDB and SRC funds. (AP pic)
FMT Reporters - 05 May 2023, 2:45pm
PETALING JAYA: The Malaysian Anti-Corruption Commission (MACC) has brought back a suspect involved in the agency’s investigation of the 1MDB and SRC International Sdn Bhd cases.
Upon his arrival at klia2, the man, who had been missing since 2018, was handed a notice to appear at the MACC headquarters in Putrajaya at 10am yesterday.
MACC officers then recorded his statement and his house was searched the same day.
When contacted, MACC chief commissioner Azam Baki confirmed the arrest.
A source said it is believed MACC’s investigation found that the suspect had received money that had been misappropriated from 1MDB and SRC funds through the bank account of a company known as Wright Shaw Limited.
Previously, MACC, in collaboration with Singapore’s Commercial Affairs Department (CAD), seized a Wright Shaw Limited bank account which had about US$5.2 million (RM23.1 million).
The MACC investigation also found that the suspect had received money from the misappropriation of 1MDB funds through Yayasan Rakyat 1Malaysia (YR1M).
Separately, the source said MACC and Singapore’s CAD have also successfully returned RM16 million from Totality Limited, a company owned by former 1MDB executive director Tang Keng Chee, on April 26.
So far, MACC has managed to recover about 70% of 1MDB’s assets involving a total of about RM28.3 billion.
“He (Tang) was involved with 1MDB, which was then known as the Terengganu Investment Authority (TIA), until 2011,” said the source.
“He conspired to mislead (a) bank and hide certain facts from 1MDB’s board of directors to transfer US$700 million to Good Star Ltd, which was allegedly owned by Low Taek Jho (Jho Low).”
MACC is believed to have issued an arrest warrant on June 29, 2018 for Tang, who is still at large.
Tang was previously charged under Section 23 of the MACC Act 2009, which sets out the offence of using one’s office or position for gratification.
If found guilty, he could be jailed up to 20 years and fined five times the value of the gratification involved, or RM10,000, whichever is higher.
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www.freemalaysiatoday.com
FMT Reporters - 05 May 2023, 2:45pm
PETALING JAYA: The Malaysian Anti-Corruption Commission (MACC) has brought back a suspect involved in the agency’s investigation of the 1MDB and SRC International Sdn Bhd cases.
Upon his arrival at klia2, the man, who had been missing since 2018, was handed a notice to appear at the MACC headquarters in Putrajaya at 10am yesterday.
MACC officers then recorded his statement and his house was searched the same day.
When contacted, MACC chief commissioner Azam Baki confirmed the arrest.
A source said it is believed MACC’s investigation found that the suspect had received money that had been misappropriated from 1MDB and SRC funds through the bank account of a company known as Wright Shaw Limited.
Previously, MACC, in collaboration with Singapore’s Commercial Affairs Department (CAD), seized a Wright Shaw Limited bank account which had about US$5.2 million (RM23.1 million).
The MACC investigation also found that the suspect had received money from the misappropriation of 1MDB funds through Yayasan Rakyat 1Malaysia (YR1M).
Separately, the source said MACC and Singapore’s CAD have also successfully returned RM16 million from Totality Limited, a company owned by former 1MDB executive director Tang Keng Chee, on April 26.
So far, MACC has managed to recover about 70% of 1MDB’s assets involving a total of about RM28.3 billion.
“He (Tang) was involved with 1MDB, which was then known as the Terengganu Investment Authority (TIA), until 2011,” said the source.
“He conspired to mislead (a) bank and hide certain facts from 1MDB’s board of directors to transfer US$700 million to Good Star Ltd, which was allegedly owned by Low Taek Jho (Jho Low).”
MACC is believed to have issued an arrest warrant on June 29, 2018 for Tang, who is still at large.
Tang was previously charged under Section 23 of the MACC Act 2009, which sets out the offence of using one’s office or position for gratification.
If found guilty, he could be jailed up to 20 years and fined five times the value of the gratification involved, or RM10,000, whichever is higher.
We are live on Telegram, subscribe here for breaking news and the latest announcements.
