NEWS

Remanded director not one of ours, says 1MDB

Published
Modified 21 Jul 2015, 9:20 am

A company director detained by the special task force probing 1MDB is not from the company, said the Finance Ministry-owned firm today.

"1MDB notes media reports regarding an individual remanded by the Magistrate’s Court in connection with ongoing investigations by the task force.

"No 1MDB employees are under remand," it said in a statement.

The man was detained at the Kuala Lumpur International Airport yesterday and remanded four days to facilitate investigations.

The special task force, which is looking into allegations of misappropriation, is also investigating claims that RM2.6 billion had been deposited into Prime Mini ster Najib Abdul Razak's private bank accounts.

1MDB stressed that it will provide its assistance in the task force's investigation.

"1MDB reiterates our commitment to fully cooperate with all lawful authorities that are currently investigating 1MDB," it said.

MACC confirms arrest

Meanwhile, the MACC said the arrested man was a director of a 'construction company'.

It confirmed his arrest was linked to the special task force's investigation into 1MDB.

The special task force comprises of the MACC, police, Bank Negara and is facilitated by the Attorney-General's Chambers.

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