No direct communication yet with wanted executives in 1MDB probe, Zeti says

Tan Sri Dr Zeti Akhtar Aziz says Bank Negara Malaysia has not been able to communicate directly with the two wanted 1MDB executives for its investigation. ― File pic
Tan Sri Dr Zeti Akhtar Aziz says Bank Negara Malaysia has not been able to communicate directly with the two wanted 1MDB executives for its investigation. ― File pic

KUALA LUMPUR, Dec 1 ― Bank Negara Malaysia (BNM) has not been able to communicate directly with the two former 1Malaysia Development Berhad (1MDB) executives on the “wanted” list it issued back in July for its investigation on the state-owned firm, Governor Tan Sri Dr Zeti Akhtar Aziz said today.

“We have not had any direct communication with them yet,” Zeti briefly said when met by reporters after the Leadership Energy Summit Asia 2015 in Sasana Kijang here.

She did not elaborate further on the matter.

Zeti was responding to a question on whether BNM has been able to track down the the executives in question ― Casey Tang and Jasmine Loo ― who were placed on the central bank’s wanted list for an investigation on 1MDB under the Exchange Control Act 1953.

In a July 24 statement to announce its hunt for Tang and Loo, the bank had urged the public to contact them with details of the duo’s whereabouts or file a report at the nearest police station.

According to reports, Tang was 1MDB’s business development executive director for three years, which ended in March 2011.

In a July 28, 2011 report, The Star daily described Tang as a “strategist in business development with vast experience in corporate services, having been involved in mergers and acquisitions, corporate finance and strategic management planning”.

Citing an unnamed source, the daily also said Tang had “opted” out of his 1MDB position upon the expiry of his contract to focus on his own projects.

Tang was formerly in the employment of Courts Mammoth Berhad from September 2006 to April 2009 in the capacity as Finance Director and was also appointed to the Board of Directors from December 2006 to April 2009.

Loo was reported by The Star daily in the same July 28, 2011 news article as a former 1MDB executive director in charge of group strategy who succeeded Tang after the latter resigned in March that year.

The local newspaper had described her as a lawyer by training and had served as a corporate legal adviser with expertise on mergers and acquisitions, debt and equity restructuring, corporate finance and capital markets.

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