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Deutsche Bank executive's 1MDB role in investigators' focus

Bloomberg
Bloomberg9/18/2018 07:10 AM GMT+08  • 3 min read
Deutsche Bank executive's 1MDB role in investigators' focus
(Sept 17): Singapore authorities probing the multi-billion dollar 1MDB scandal are looking at the role of an outgoing senior Deutsche Bank AG executive as part of their investigations, according to people with knowledge of the matter.
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(Sept 17): Singapore authorities probing the multi-billion dollar 1MDB scandal are looking at the role of an outgoing senior Deutsche Bank AG executive as part of their investigations, according to people with knowledge of the matter.

Tan Boon-Kee, who was Asia Pacific head of the German bank’s financial institutions group, has been interviewed by the city’s Commercial Affairs Department as recently as late August, said one of the people, who asked not to be named because the queries are confidential. The Monetary Authority of Singapore has also quizzed Deutsche Bank about the extent of Tan’s involvement with the 1Malaysia Development Bhd. account, the people said.

Tan stepped down from her role at Deutsche Bank last month and is currently on gardening leave. She has not been accused of any wrongdoing, and it isn’t clear whether her departure was linked to the 1MDB probe. Tan declined to comment, as did a spokesman for Deutsche Bank.

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