Chan Chee Beng is at present the man who runs Ananda Krishnan's Usaha Tegas Sdn Bhd.
He has since 1992 been the person in charge of all corporate finance matters. He is more than likely to have been involved if not been in charge of, the Tanjong-1MDB power station deals.
In 2015 the Securities Commission Malaysia made the following announcement.
Regulatory Settlement with Chan Chee Beng
On 15 December 2015, Chan Chee Beng entered into a settlement with the SC in the sum of
RM1,944,438.78 when he agreed without admission or denial of liability, to settle a claim that the SC
was proposing to institute against him for communicating inside information contrary to section 8
89E(3) of the Securities Industry Act 1983 (“SIA”) to his late wife Yeoh Phaik Choo who then traded in the call warrants of Maxis Communications Berhad (“Maxis”) between 23 April 2007 and 27 April 2007.
The information is related to the notification from Usaha Tegas Sdn Bhd (UTSB), a substantial shareholder of Maxis that UTSB and its affiliates intended to launch a voluntary general offer through a special purpose vehicle for all the ordinary shares of Maxis, as set out in an announcement made by Maxis to Bursa Malaysia on 30 April 2007.
Following this announcement, Maxis further announced on 3 May 2007 the details of the conditional take-over offer including the offer price of RM15.60 for each offer share. The settlement was reached following a letter of demand sent by the SC pursuant to its civil enforcement powers under the securities laws, where the sum Chan was required to disgorge was equivalent to 1.5 times the difference between the price at which Yeoh acquired the call warrants and the price at which the call warrants would have been likely to have been acquired at the time of the acquisition, if the information had been generally available.
The monies recovered will be applied in accordance with section 90A(7) of the SIA. Chan at the material time was an executive director of UTSB as well as a non-executive director of Maxis.
The above would normally mean that the person or persons involved would be forever barred from holding any sort of position of authority in especially companies listed on the BursaMalaysia, or which control them, Chan remains in many of these;the questions does arise as to whether his too is a case of a 1MDB linked person being given special treatment by the BN and now PH governments.
The answers to question of why, what for and to whose benefit are questions that ought to be made public immediately.