International World Al-Dereai denies holding Malaysian PR

Al-Dereai denies holding Malaysian PR

Author

Date

Category

- Advertisement -

Century Banking corporation’s CEO and MD Dr. Osama Qais Al-Dereai, rebutted claims that he holds a Malaysian Permanent Resident card.

In an email to TISG, a law firm representing the CEO said the statements about Dr. Al-Dereai’s nationality status are false and baseless.

It said its client does not have citizenship or hold permanent residence in Malaysia.

It also said Dr. Dereai is not a Saudi Arabian citizen.

- Advertisement -

In an article on links between the said bank and the 1MDB, TISG wrote that Dr. Al-Dereai has deep Malaysian links with “rumours claiming that he allegedly has double citizenship or hold the permanent residence of a second country: That of Malaysia indeed.”

TISG did not intend to harm the CEO’s reputation, as claimed by the law firm. We only reported that it was “rumoured that he has Malaysian PR status.”

The letter also said the latter is not the MD or CEO of Century Banking Corp Ltd. However, the details Dr. Al-Dereai was visible on the Century Banking Corp website, and he was listed as CEO and MD. That is where TISG outsourced the information prior to publishing the article.

A check today on the Century Bank website lists Mr. Al-Dereai as MD and CEO. (See picture below), leading readers to believe that the latter is indeed the MD and CEO of the bank.

The letter also complained about the links between the bank, its Shariah advisory Bait Al-Mashura and the 1MDB.

TISG never said Bait Al-Mashura or Dr. Al-Dereai were linked to the 1MDB.

Last week, the Wall Street Journal published an article in which it linked the Century Bank Corp to a failed deal with people linked to the 1MDB.

It also said the Mauritius financial regulator alerted the FBI and the bid failed to materialize.

 

 Follow us on Social Media

Send in your scoops to news@theindependent.sg 

No tags for this post.
- Advertisement -

A ‘mistake’ to appoint ex-PAP minister Khaw Boon Wan chairman of new entity after SPH restructuring: netizens

Singapore – Netizens expressed concern over the news that former Cabinet minister Khaw Boon Wan will chair the board of the new not-for-profit entity following Singapore Press Holdings' (SPH) restructuring. That, according to them, will be "a mistake." Minister for Communications and...

Viral video: Diners’ run-in with Lau Pa Sat safe-distancing officer on first day of tighter restrictions

Singapore—A video of angry patrons shouting at a safe-distancing officer at Lau Pa Sat has gone viral. The video was taken on the evening of Saturday (May 8), the day the country went back to stricter restrictions on social gatherings following an...

Yee Jenn Jong to Goh Chok Tong: Don’t blame social media for fewer people wanting to join politics

Singapore—Standing Tall, the second volume of former Prime Minister Goh Chok Tong’s biography, was launched only last Friday (May 7), but the Workers’ Party’s Mr Yee Jenn Jong is already questioning one of the statements Mr Goh makes in the book. The...
Follow us on Social Media

Send in your scoops to news@theindependent.sg 

No tags for this post.
Theindependent