Police investigation on governor Zeti’s husband over 1MDB case about to be concluded

The police’s investigation on the alleged receipt of 1MDB funds involving the husband of Bank Negara Malaysia (BNM) ex-governor Tan Sri Zeti Akhtar Aziz is about to be concluded.

Reports say that according to Bukit Aman Criminal Investigation Department director Kamaruddin Md Din, only a few more documents are needed by the police before concluding their investigations.

Related Posts

Kamaruddin said that investigation is still ongoing, but they only need two or three more documents before finally putting a closure on the investigation and refer the investigation paper to the deputy public prosecutor’s office.

He added that the police needed banking papers from overseas and locally and that they have already finalized the process of taking the statements from some parties.

Tawfiq is being investigated under Section (4)(1) of the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (AMLATFPUAA) 2001.

It was in February when the investigations have been called when a business daily reported that BNM received an information from a Singaporean police about suspicious transactions that involves a company being owned by Zeti’s husband and son.

The report said that when Zeti was still in position as its governer, the republic’s Commercial Affairs Department (CAD) shared this information with BNM in 2015 and 2016

During the time, the shared information with BNM is linked to suspicious funds going into a UBS bank account under the name of Iron Rhapsody Ltd, which according to reports, is owned by someone named Dr Tawfiq Ayman, the same name as Zeti’s husband and by another one who is not named but is believed to be Zeti’s son.

In reference to the documents that have been shared by the CAD, a total of RM66 million has been received by the account under Iron Rhapsody. The funds came from five transactions involving companies and bank accounts held by Taek Jho, better known as Jho Low, who is the central figure in the 1MDB financial scandal.

It was also cited in the reports that the source of four transactions involved funds from Jho Low along with his supporters which is from the RM5 billion1MDB/TIA (Terengganu Investment Authority) bonds, arranged in 2009 by Ambank. The business daily that reported the mattersaid that BNM responded to its requests for comment but said it could not give any details as it is “bound by the international protocol for sharing financial intelligence”.

Katherine S

1/4 German, 3/4 Malaysian. I write, follow and monitor closely political news happening in Malaysia, and other happening news in the ASEAN region. Newswriter for the best ASEAN news website - The Asian Affairs.

Recent Posts

China Conducts Military Drills Near Taiwan Following Rising Tensions

On Monday China started military exercises close to Taiwan after Lai Ching-te kept promoting the separation of Taiwan from China.…

March 17, 2025

11 New Models to be Launched from Volkswagen and FAW in China

Volkswagen, long working with FAW Group, has found it necessary to introduce 11 new lines of cars in China. The…

March 17, 2025

Palawan Summit to Mark Launch of ASEAN’s Social Security Sustainability Initiative

Southeast Asia’s best social security executives will converge on Palawan, Philippines from March 20, 2025- March 22, 2025 for a…

March 17, 2025

India Returns to AFC Beach Soccer Asian Cup After 18-Year Absence

The Indian beach soccer national team has returned to compete in the AFC Beach Soccer Asian Cup after 18 years…

March 17, 2025

Game of Thrones Actor Iain Glen Joins TBA Studios’ Philippine Historical Biopic ‘Quezon

Hollywood's Iain Glen, who gained fame for his portrayal of Jorah Mormont in Game of Thrones, will play an essential…

March 17, 2025

BLACKPINK’S JENNIE SHATTERS FIRST WEEK SALES RECORD

BLACKPINK's Jennie made a defining moment in her solo career by breaking the record for most album units sold in…

March 16, 2025

This website uses cookies.

Read More