KUALA LUMPUR: Federal police Commercial Crime Investigation Department (CCID) has identified several individuals and is expected to charge them with criminal breach of trust (CBT) following ongoing investigations into 1Malaysia Development Berhad (IMDB).
Deputy Inspector-General of Police, Tan Sri Noor Rashid Ibrahim, said CCID investigations focused on four issues.
“They are the issuance of RM5 billion Islamic Medium Term Notes (IMTN) by Terengganu Investment Authority Berhad (TIA) without the permission of Terengganu Incorporated.
“Another is the joint-venture between 1MDB and Petrosaudi International Limited where loans were given out in Murabaha notes.
CCID was also looking into a total of USD3.5 billion notes issued for energy asset purchase involving Tanjong group and Genting group.
“And also the USD3 billion notes issued by 1MDB Global Investment Limited, a subsidiary of 1MDB, for the Tun Razak Exhange project, a joint-venture with AABAR,” he told a press conference at the Bukit Aman police headquarters on the development of police investigations into 1MDB.
Noor Rashid said police had identified several individuals and they were expected to be charged under Section 409; Section 120B; Section 109; and Section 411 of the Penal Code for CBT; criminal conspiracy; abetment, and dishonestly receiving stolen property.
However, he stressed that police need to record statements from foreign witnesses to complete the investigations.
“According to the investigations, most of the transactions occurred in other countries, hence, we need time and need to follow due process to collect evidence and record statements.
“We had sought assistance from the Attorney-General Chambers (AGC) to file mutual legal assitance in order to record statements of foreign witnesses.
“Our AGC had held meetings with the AGC of the countries that we are cooperating with.
“So far, Singapore, United States, Switzerland and Saudi Arabia authorities have been very cooperative,” he said.