Mauritian Banker Arrested In 1MDB-Linked Investigation
The Anti-Corruption Commission had to resort to orders from a judge in the Chamber to follow the "money trail" from the transfer US$10 million which ended up in the bank account of Tim Leissner from a Hong Kong bank.
The 1MDB saga is not over and this time it is the tiny Island republic of Mauritius that has finally taken serious steps with the arrest of Dr Munir Lallmohamed, ex-CEO of the defunct Century Bank last Friday (24 Feb).
Mr Lallmahamood was questioned "under warning" at the end of last year by the Mauritius graft busters, Independent Commission Against Corruption (ICAC).
The Anti-Corruption Commission had to resort to orders from a judge in the Chamber to follow the "money trail" from the transfer US$10 million which ended up in the bank account of Tim Leissner from a Hong Kong bank.
Azam Saham
Munir Lallmahamood was summoned in August 2020, shortly after the revocation of CBC's - which was the first Islamic bank in Mauritius - operating license, by the Bank of Mauritius.
Leissner and Century Banking
He finally appeared at the ICAC in September, denying any act of laundering regarding the said transfer and pointed out that the money first landed in the CBC's account at the Bank of Mauritius and that he did not consider it necessary to carry out checks on the integrity of Tim Leissner since the Hong Kong bank made the transfer.
Pointed out by the FBI for his involvement in the planetary scandal of Malaysia Development Berhad Lallmohamed is now under arrest at the ICAC.
Officials working for the former Century Banking Corporation (CBC), the first Islamic bank on the island, are said to have disguised Leissner's accounts in order to conceal the transfer of half a billion rupees from Malaysia's sovereign wealth fund, 1MDB, in December 2016.
The investigation on the Century Banking Corp was conducted by the ICAC with the assistance of the American Federal Bureau of Investigation (FBI).
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