Man wanted in 1MDB-SRC probe nabbed after 5 years on the run

The Malaysian Anti-Corruption Commission (MACC) said today it had succeeded in repatriating an individual involved in 1MDB and SRC International investigations through cooperation with international law enforcement agencies. 

According to a source, the man was suspected of receiving proceeds from the misappropriation of 1MDB and SRC International funds and had been on the run since 2018. 

He arrived at klia2 at 3.30am on May 3 and was issued a notice of order to appear at the MACC headquarters in Putrajaya at 10am. 

His statement was taken and his house searched that same day. 

The source said that the man was believed to have received the money through the bank account of a company known as Wright Shaw Ltd.

MACC in collaboration with Singapore's Commercial Affairs Department (CAD) had reported successfully seizing the bank account with funds amounting to approximately US$5.2 million.

Investigations also found that the man had received money from the misappropriation of 1MDB funds through Yayasan Rakyat 1Malaysia.

The source said that on April 26, MACC together with the Singapore CAD had succeeded in bringing back some RM16 million from a company known as Totality Limited, owned by one Tang Keng Chee.

"Tang Keng Chee, otherwise known as Casey Tang, was 1MDB's executive director of business development from 2012 to 2013," it said. 

"He was involved with 1MDB, known then as Terengganu Investment Authority, until 2011. 

"He conspired to mislead the bank and to hide certain facts from the 1MDB board of directors to transfer US$700 million to Good Star Ltd, allegedly owned by Low Taek Jho, also known as Jho Low." 

The source said MACC was believed to have issued a warrant of arrest or red notice for Tang, dated June 29, 2018, as he was found to have committed an offence under Section 23 of the MACC Act 2009 read together with Section 28 of the same act.

It added that Tang remained at large. 

When contacted, MACC chief Azam Baki confirmed the arrest and said that the agency was working to bring back several other assets from individuals involved in Singapore. 

MACC has so far succeeded in recovering approximately 70% of 1MDB's assets involving a total of RM28.3 billion.