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THE Malaysian Anti-Corruption Commission (MACC) has renewed its investigative focus on Tang Keng Chee, better known as Casey Tang, the former Executive Director of 1Malaysia Development Berhad (1MDB), amid suspicions of fund misappropriation and asset concealment linked to the notorious 1MDB scandal.
Casey Tang, who is currently the subject of a red notice and remains at large, has been connected to the alleged mismanagement of 1MDB funds and reportedly owns luxury properties abroad.
He has previously been named in asset recovery proceedings and investigations related to the scandal.
Datuk Mohamad Zamri Zainul Abidin, Senior Director of MACC’s Special Operations Division, confirmed that the commission is actively pursuing investigations into multiple categories of assets associated with 1MDB, including real estate, financial instruments, and high-value possessions spanning multiple jurisdictions.
“Recently, the investigation also involves Casey, who is linked to 1MDB offences involving ownership of luxury residences overseas, as well as alleged misappropriations involving foreign law firms,” Zamri said in a statement.
Casey, a former senior 1MDB officer, has long been implicated in the mismanagement of 1MDB funds and remains a target of investigations, forfeiture orders, and potential prosecution in Malaysia.
Reports in previous years indicated that he could face charges in absentia for criminal breach of trust (CBT) and money laundering.
He has also been accused of transferring US$1 billion of 1MDB funds to third parties. Red notices were issued against him in 2018 and 2019, yet authorities have so far been unable to secure his detention.
In recent developments, MACC revealed it is stepping up investigations into an international law firm suspected of involvement in illicit 1MDB-related financial transactions.
According to sources, the firm is allegedly implicated in the misappropriation of around US$1 billion (RM4.09 billion), including transfers of approximately US$700 million (RM2.9 billion) to an offshore entity beyond 1MDB’s control.
Past reports by the Financial Action Task Force and Asia/Pacific Anti-Money Laundering groups highlighted Malaysia’s effective asset recovery efforts, generating 8.11 billion euros between 2019 and 2025 through comprehensive strategies, including the repatriation of 1MDB-linked assets, which accounted for 75.1 percent of recovered property.
The renewed focus on Casey Tang underscores ongoing efforts by Malaysian authorities to trace and recover assets linked to one of the country’s most high-profile financial scandals and reinforce accountability across international financial networks. - December 22, 2025