By SHAZNI ONG / pic by ARIF KARTONO
Inspector-general of Police (IGP) Datuk Seri Abdul Hamid Bador (picture) said that the team from the Bukit Aman Commercial Crime Investigation Department (CCID) had gathered the relevant documents needed to facilitate investigation into the 1Malaysia Development Bhd (1MDB) as a result of the raid at Deloitte Malaysia’s office yesterday.
He, however, said that he had not been briefed on the raid by the investigators.
“Surely, I think that (the) mission at Deloitte was to search for certain documents and to check on the records of their dealings, dating in relations to the 1MDB case.
“I believe that they (raiding team) have gotten something out of that… but I have not been briefed yet.
“I believe there are a lot of things that they got from that so called raid,” he told reporters after launching the Op Selamat 15/2019 in conjunction with Hari Raya Aidilfitri in Kuala Lumpur today.
Yesterday, the police raided Deloitte Malaysia’s office in what is believed to be an operation related to 1MDB’s investigations.
According to sources, the CCID team was dispatched to the accounting firm’s office in Taman Tun Dr Ismail, Kuala Lumpur.
“The team conducted the operation to check records and search for documents related to 1MDB. There were at least three unmarked police cars. The police were in the boardroom,” a source who had knowledge of the raid had told The Malaysian Reserve (TMR).
It was reported that CCID acting director Datuk Saiful Azly Kamaruddin confirmed the raid, saying that it was related to the 1MDB case but no arrest was made.
Deloitte, in an email reply to TMR, said the police were at its offices to seek assistance in providing records related to 1MDB.
The operation yesterday came four months after Deloitte was slapped a maximum fine of RM2.2 million by the Securities Commission Malaysia (SC) over infringements related to 1MDB’s subsidiary, Bandar Malaysia Sdn Bhd’s (BMSB) Islamic notes.
The SC imposed the RM2.2 million penalty on Deloitte in January for four breaches under the country’s Capital Markets and Services Act 2007 (CMSA). The infringements were related to BMSB’s RM2.4 billion sukuk issued in 2014.
Deloitte was the statutory auditor for BMSB and 1MDB Real Estate Sdn Bhd (1MDB RE) for their fiscal years ended March 31, 2015, to 2016.
1MDB RE, which is now known as TRX City Sdn Bhd, was one of the third-party security providers of the sukuk.
The action by the SC last January made Deloitte the first auditing firm to be charged in relation to 1MDB.
It was reported that the SC was investigating KPMG and Deloitte over the two firms’ audit of 1MDB.
Deloitte was the third audit firm among the “Big Four” that appraised 1MDB’s finances before it quit in 2016 after the US Department of Justice filed lawsuits to recover assets acquired with funds stolen from 1MDB.
Before Deloitte, Ernst & Young appraised the scandal-ridden sovereign wealth fund in 2010 before it was fired. KPMG took the baton and audited 1MDB between 2010 and 2012.
The audit firm was also sacked. Last year, PricewaterhouseCoopers was appointed by the new Finance Minister Lim Guan Eng to review and audit 1MDB finances, weeks after the new government took over office following the May 9 general election victory.