, who was formerly Deutsche Bank’s Asia Pacific head of banking, for its financial-institutions clients and said to have been one of the key bankers in on the 1MDB account.
International financial news wire Bloomberg previously reported her links to Goldman Sachs executive Roger Ng, who introduced Tan to Low Taek Jho, the Penang-born fugitive better known as Jho Low said to have masterminded the misappropriation of 1MDB funds.reported Tan left Deutsche Bank last year after it discovered her communications with Low, but it is unclear if she resigned or was sacked.
“Deutsche Bank has cooperated fully with all regulatory and law-enforcement agencies that have made inquiries relating to 1MDB,” an unnamed spokesman for the German bank toldThe same representative was reported saying that 1MDB made “material misrepresentations and omissions to Deutsche Bank officials” in connection with its transactions with the German bank, adding that the bank’s findings were consistent with what was stated in the US Justice Department’s civil asset forfeiture documents.
The US news outlet said that the Deutsche Bank investigation comes at a sensitive time for the German financial giant as it is currently embroiled in another US criminal money-laundering probe, congressional scrutiny of its relationship with US President Donald Trump and the latter’s associates.reported that it laid off thousands of staff last Sunday.
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