Rajah and Tann lawyers claim to have uncovered the 1MDB theft, recovered 1MDB assets, and also represented Singaporean Kelvin Ang Wee Keng who was charged for his part in the theft, as well as 1MDB in the scandal plagued TRX development

by Ganesh Sahathevan
EDITED

REPOSTED ON 11 JUNE 2023



Danny Ong | Rajah & Tann Asia
Ong left in April 2023 to to start law firm focused

 on crypto disputes

Rajah Tann's Danny Ong states that he has been involved in the recovery of "misappropriated assets globally, most recently arising from the 1MDB debacle." ( Ong left Rajah to start his own from, Setia Law, in April 2023).

His work must now surely be redundant given the formation of the MACC 1MDB asset recovery task force. As reported previously:

1MDB: A MACC asset recovery task force has been formed,almost a year late:PwC and all others should now be sacked

In any case Rajah Tann are potentially conflicted, given the fact that the firm represented Kelvin Ang Wee Keng ,the second Singaporean charged in connection with the investigation 

Further it acted for 1MDB in its joint venture with Lend Lease on the development of the Lifestyle Quarter. The advise included matters pertaining to the procurement contracts. 

Rajah And Tann now  also claim to have uncovered at least part of the 1MDB theft:

(Thong Chee Kun)  was one of the lead lawyers in cases involving the 1MDB scandal that exposed the embezzlement of the Malaysian sovereign wealth fund and the insolvent German payment processor Wirecard.

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Rajah & Tann refreshes fraud and asset recovery heads

8 December 2022

From left to right: Jansen Chow and Thong Chee Kun

Rajah & Tann Singapore appointed Thong Chee Kun and Jansen Chow as new co-heads of its fraud, asset recovery and investigations practice, with Kun overseeing civil aspects and Chow criminal ones.

“This appointment is part of our policy of grooming the next generation of lawyers and giving them a longer runway to nurture those below them,” said Patrick Ang, managing partner of Rajah & Tann. “We are confident they will be able to build on the strong foundation already established by their senior mentors.”

Thong specialises in financial and regulatory crimes and offences. He is experienced in corporate and compliance breaches, criminal breach of trust, corruption, cybercrimes, market manipulation and securities fraud, and enforcement proceedings.

He was one of the lead lawyers in cases involving the 1MDB scandal that exposed the embezzlement of the Malaysian sovereign wealth fund and the insolvent German payment processor Wirecard.

Chow has a wealth of experience in anti-corruption investigations and international fraud disputes, with a growing focus on cryptocurrencies.

He was recently involved in the world’s first freezing order case related to stolen crypto assets, which was reported for its novel legal and jurisdictional issues in March this year.

The plaintiff, an American entrepreneur, commenced an action to trace and recover his cryptocurrency assets, worth about USD7.08 million at the time, that were misappropriated from him by unknown individuals.