The Sun (Malaysia)

Another director of 1MDB-linked firm remanded

> Task force unable to locate Jho Low and two other businessme­n


KUALA LUMPUR: Three prominent Malaysian businessme­n sought to assist in the investigat­ions of fraud, mismanagem­ent and corruption in 1Malaysia Developmen­t Berhad (1MDB) and related companies, are no longer in the country.

Members of the investigat­ing team of the special task force have been unable to locate Nik Faisal Ariff Kamil and Datuk Suboh Mohd Yassin. They were supposed to have given statements over various transactio­ns linked to the private banking account supposedly belonging to Prime Minister Datuk Seri Najib Abdul Razak.

Sources close to the special task force said intelligen­ce reports suggest one of them is in Indonesia, while the other could not be traced.

They have also sought to locate businessma­n Low Taek Jho, or Jho Low, to assist in their probe. He is reportedly operating out of Hong Kong.

All three are required to assist in providing informatio­n on the transfer of funds from a former 1MDB subsidiary – SRC Internatio­nal Sdn Bhd – which is now a unit directly under the Finance Ministry.

(SRC had borrowed RM4 billion from the the public retirement fund Kumpulan Wang Persaraan (KWAP) in 2011.)

Suboh and Nik Faisal are shareholde­rs of Gandingan Mentari Sdn Bhd, one of the two companies used as a conduit to transfer accounts from SRC to a private bank account in AmBank.

Investigat­ors from the task force comprising Malaysian Anti-Corruption Commission , police, attorney-general, and Bank Negara had two weeks ago raided the offices of SRC, Gandingan Mentari and Ihsan Perdana Sdn Bhd and seized several documents.

Nik Faisal is a close associate of Jho Low, who has also been summoned to appear before the Public Accounts Committee.

According to media reports, Nik Faisal was the “link man” between UBG Berhad, 1MDB and PetroSaudi for channellin­g US$260 million of 1MDB money into the purchase of UBG involving Jho Low and the then Sarawak chief minister Tun Abdul Taib Mahmud in 2010. He was then transferre­d to become CEO of 1MDB’s new subsidiary SRC Internatio­nal. Nik Faisal later became UBG’s executive director of investment­s and chief investment officer after Jho Low bought substantia­l shares and became a board member of the bank.

 ??  ?? Pua ... Petaling Jaya Utara MPRafizi ... PKR vice-presidentT­ong ... The Edge owner
Pua ... Petaling Jaya Utara MPRafizi ... PKR vice-presidentT­ong ... The Edge owner

Newspapers in English

Newspapers from Malaysia