Police unable to trace key individuals in 1MDB case, says ministry

KUALA LUMPUR • The police are unable to determine the whereabouts of several individuals allegedly involved in the 1Malaysia Development Berhad (1MDB) scandal.

They are businessman Low Taek Jho, also known as Jho Low, Mr Casey Tang, Ms Jasmine Loo, Mr Nik Faisal Ariff Kamil and Mr Yusof Annuar Yaacob.

"The police cannot trace and determine the whereabouts of these individuals. At the same time, no application has been received from any parties seeking Interpol's help to trace these individuals," said the Home Ministry in a written reply to opposition Parti Keadilan Rakyat MP Wong Chen.

It was reported that Bank Negara Malaysia is investigating Mr Tang and Ms Loo under the Exchange Control Act 1953 and attempting to ascertain their whereabouts.

Mr Tang was one of the founders of theTerengganu Investment Authority (TIA), which later became 1MDB.

He was part of the early TIA team, together with 1MDB's former managing director Datuk Shahrol Azral Halmi.

Ms Loo is reported to have joined 1MDB in 2011 to replace Mr Tang. Prior to that, she was the executive director of the Utama Banking Group's compliance and legal department, a company businessman Jho Low and his associates used to own.

Mr Nik Faisal was SRC International's managing director, a firm that was formerly a subsidiary of 1MDB.

Mr Yusof Annuar was previously Goldman Sachs Malaysia's chairman and managing director.


A version of this article appeared in the print edition of The Straits Times on November 18, 2015, with the headline 'Police unable to trace key individuals in 1MDB case, says ministry'. Print Edition | Subscribe