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PETALING JAYA (Bloomberg): Malaysian investigators have issued arrest warrants against two former leaders of 1Malaysia Development Berhad (1MDB), according to a person familiar with the case.
The Malaysian Anti-Corruption Commission (MACC) looks for 1MDB former Jasmine Loo Ai Swan's former general counsel and former executive director Casey Tang Keng Chee, said the person, who asked not to be identified.
The country's renewed investigation into the missing funds at 1MDB Datuk Seri Minister Najib Tun Razak has been indicted on several counts of breach of trust and bribery, police said have seized more than RM1.1bil of money and objects related to the case.
Najib pleaded not guilty. The local investigation is nearing completion, said MACC chief commissioner
Datuk Seri Mohd Shukri Abdull on July 7, adding that the investigation now depends on the MACC gathering evidence from the US. ;foreign.
Attempts to reach their representatives have not been successful. A representative of the MACC declined to comment
The two men were summoned by the commission in June to assist in the case of the former 1MDB SRC International unit, along with two other officials from the US. Ex-1MDB Geh Choh Heng and Eric Tan Kim Loong.
Singapore has been asking Interpol's help to locate Tan since 2016, with Low Taek Jho financier, who was painted by US investigators as a central figure in the multi-billion dollar scandal.
Loo, a Malaysian who studied law In the United Kingdom, the United States government would have described as "1MDB Officer 3", according to sources close to the record.
The United States also stated that the officer was 1MDB's bond with Goldman Sachs Group Inc., The state fund raised 6.5 billion US dollars (RM 26.4 billion) ) and received a transfer of US $ 5 million (RM 20.3 million) from dozens of payments as part of a program that ultimately drained billions of dollars.
with 1MDB from when it was still known as Terengganu Investment Authority, until 2011. It is not known when Loo left the fund.
Bank Negara Malaysia both summoned them for questioning in 2015, but they never appeared.
In March 2017, Najib said longer on the central bank's radar than the previous national survey had been completed. – Bloomberg
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