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7th Rangers: Singapore Police Force Has Confirmed That Malaysia Zeti Husband Received Money From Jho Low – Flipping of The RM5 Billion 1MDB Bonds
 
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Singapore Police Force Has Confirmed That Malaysia Zeti Husband Received Money From Jho Low – Flipping of The RM5 Billion 1MDB Bonds
Wednesday, September 29, 2021


Thieves and Pirates come in all shapes and sizes. HOW much did Tan Sri Dr Zeti Akhtar Aziz know about the bank account in Singapore that belonged to her husband Datuk Dr Tawfiq Ayman?

Probably quite a bit. According to documents and correspondences sighted by The Edge, the Commercial Affairs Department (CAD) of the Singapore Police Force had in 2015 and 2016 shared information with Bank Negara Malaysia about suspicious transactions involving Iron Rhapsody Ltd, which had a bank account at UBS in Singapore.

Tawfiq and a son are beneficial owners of Iron Rhapsody, according to CAD. In reply to a query, Bank Negara said it was unable to respond, as it was “bound by the international protocol for sharing of financial intelligence”.

It took place in 2008 and 2009 and the STR alerts were flagged to Bank Negara only in 2015 and 2016 by CAD, after investigators there, together with those in Malaysia, Switzerland and the US, launched probes into the theft and laundering of billions of dollars that belonged to 1MDB. The probes were triggered by exposés published from March 2015 by The Edge, Sarawak Report and The Wall Street Journal.

Documents shared by Singapore’s CAD with Malaysian investigators showed that Iron Rhapsody received a total of US$16.22 million from companies/bank accounts of Low Taek Jho, or Jho Low:

1) June 18, 2008: US$7.42 million from Butamba Investments Ltd’s bank account at RBS Coutts Singapore. Jho Low is the beneficial owner of Butamba Investments, which was involved in a May 2008 RM3 billion land deal with Khazanah Nasional Iskandar Malaysia (see The Edge Malaysia, Issue 1057, March 9 to 15, 2015: “How Jho Low made RM400 million by quick flip of Iskandar land deal”);

2) May 21, 2009: US$0.732 million was received from Jho Low’s US law firm Shearman & Sterling’s account in Citibank in the US. The US Department of Justice has named Shearman as a firm that Jho Low used to launder money stolen from 1MDB:

Read it all here.................

posted by Major D Swami (Retired) @ 2:45 PM  
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