Wednesday, August 17, 2016

Malaysia central bank investigation on 1MDB is over: Governor

Latest: Corruption and Money Laundering.

Malaysia central bank investigation on 1MDB is over: Governor.

KUALA LUMPUR: Malaysia central bank governor Muhammad Ibrahim on Friday (Aug 12) insisted that Bank Negara's investigation on irregularities of scandal-plagued state investment fund 1Malaysia Development Berhad (1MBD) is over and has no reason to reopen the probe despite the civil suits filed by the US justice department.
Last month the DOJ sought to seize over US$1 billion worth of assets said to be bought with money misappropriated from 1MDB.
US investigators including the FBI believed that at least US$3.5 billion were stolen from the people of Malaysia through a series of opaque transactions through fraudulent shell companies between 2009 and 2014.
"We have completed all our investigations on 1MDB,” said Muhammad. “We have imposed a penalty and have taken all necessary action entrusted under the law. We have closed the investigation"
Muhammad also dismissed the police report lodged against former central bank governor Zeti Aktar Aziz earlier this month by the deputy youth chief of the ruling party UMNO for plotting to unseat Prime Minister Najib Razak by handing over classified documents to the FBI and possibly forging them...

No comments:

Post a Comment