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.
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”.