Police are investigating Tawfiq Ayman, the husband of former Bank Negara Malaysia (BNM) governor Zeti Akhtar Aziz, over 1MDB funds received into his Singapore bank account.
Bukit Aman Commercial Crime Department director Zainuddin Yaacob said the investigation is under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds from Illegal Activities Act (AMLATFPUAA).
“Investigations are still underway against Tawfiq under Section 4 (1) (a) of the AMLATFPUAA Act, in relation to the receipt of funds linked to 1MDB in his bank account in Singapore.
“As the investigation into this case involves evidence in Malaysia and abroad, the police are taking follow-up action under the Mutual Assistance in Criminal Matters Act to obtain evidence abroad,” Zainuddin said in a statement today.
Zainuddin also urged the public not to make any statements or speculations on the case until police investigations are completed and referred to the Attorney General’s Chambers.
Last week, The Edge reported that Singapore police had informed Bank Negara Malaysia of a suspicious transaction amounting to RM66 million from wanted businessman Low Taek Jho – better known as Jho Low – to a company allegedly owned by Zeti’s husband and son in 2015.
At that time, Zeti was still the governor of BNM.
According to the report, documents shared by Singapore’s Commercial Affairs Department (CAD) to Malaysia showed that the account of a company called Iron Rhapsody at UBS Singapore bank received US$16.22 million from a company or account related to Low.
In addition, CAD Singapore also reported two more transactions from Low to Iron Rhapsody, estimated at US$567,000 on June 1, 2009, and US$1.25 million on December 18, 2009.
Allegations against Tawfiq and his two sons regarding 1MDB funds emerged in December last year.
Tawfiq had been reported as saying that he had given his full cooperation and information to the police and the Malaysian Anti-Corruption Commission (MACC).
He added that he could not make further statements because he could be called as a witness in the 1MDB trial involving former prime minister Najib Razak. – TMI