PUTRAJAYA: The authorities remain unaware of the whereabouts of former 1Malaysia Development Berhad (1MDB) executive director of business development Casey Tang Keng Chee, who allegedly diverted US$1bil in 1MDB funds to third parties, the High Court here heard.
The missing funds were originally meant to be deposited into the 1MDB-PSI joint venture account. However, only US$300mil was transferred, while the remaining US$700mil was diverted to Good Star Limited, a company owned by fugitive businessman Low Taek Jho, also known as Jho Low.
