BNM issues 'wanted' poster for former 1MDB execs

28 Jul 2015 / 11:51 H.

PETALING JAYA: Bank Negara Malaysia (BNM) is seeking for two individuals to assist in investigations under the Exchange Control Act 1953 in relation to the ongoing probe into 1Malaysia Development Berhad (1MDB).
In a posting on its Facebook page today, BNM released a "wanted" poster, requesting the public to come forward, should they have information on Casey Tang Keng Chee, 50 and Jasmine Loo Ai Swan, 42.
It urged those with any information on the duo to contact BNM at 03-26988044 ext: 8554 / 7610 or lodge a report at the nearest police station.
Tang is a former executive director of 1MDB and was alleged to have worked with tycoon Low Taek Jho and top executives of PetroSaudi International to get 1MDB to subscribe to US$500 million (RM1.9 billion) of murabaha notes.
Some US$260 million of this money from 1MDB was used by Low to buy UBG Bhd, according to a report by The Edge Weekly.
The report, published on June 7, said that Tang and 1MDB chief investment officer Nik Faisal Nik Kamil were actively working with PetroSaudi and Low in the UBG takeover.
Loo joined 1MDB in 2011 to replace Tang.

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