Local law firm won't give confidential papers on 1MDB bonds to cops

Updated 5 years ago · Published on 25 Jan 2019 12:20PM · 3 Comments

Rahmat Lim & Partners says it has submitted almost all non-confidential documents on 1MDB, as requested by the police. – The Malaysian Insight file pic, January 25, 2019.

LAW firm Rahmat Lim & Partners has stopped short of handing over certain documents pertaining to 1Malaysia Development Bhd (1MDB) bonds to the authorities, citing attorney-client privilege.

The firm said it would, however, give its full cooperation to police investigating the company’s role in acting for Goldman Sachs in the bond issue.

“We are always committed to helping police investigate 1MDB according to the law,” the firm said in a statement.

Rahmat Lim & Partners added it has submitted almost all non-confidential documents, as requested by the police.

“We have only not submitted a few other documents because of the law.”

Its statement follows reports of a police raid on the firm’s offices yesterday. The raid by the Commercial Crime Investigation Department sought to acquire more documents needed to complete its investigation.

According to The Edge, police officers only left the firm’s office about 6.30pm yesterday, more than eight hours after their arrival, with a box of documents and laptops.

Rahmat Lim & Partners had acted for Goldman Sachs when the 1MDB bonds – worth US$6.5 billion (RM26.8 billion) – were issued in 2012 and 2013.

The investment bank was paid US$600 million in fees by 1MDB, an amount considered unusually high by industry standards.

Malaysia filed criminal charges against the bank last month over the 1MDB bonds and is seeking a return of the money. – January 25, 2019.

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Comments

  • All Malaysians must remember that Rahmat Lim & Partners have received fees from the foreign bankers who ripped off 1MDB of billions in it's immoral bond sale.

    Posted 5 years ago by Panchen Low · Reply

  • Can the police issue a subpoena for the release of all classified documents?

    Posted 5 years ago by Kampung Boy · Reply

    • Or a court order

      Posted 5 years ago by Kampung Boy · Reply