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Progress being made in 1MDB probe, says Zeti

 | December 1, 2015

Bank Negara governor says investigations are complete and action is being taken relating to some of the approvals given to 1MDB.

zeti,1mdbKUALA LUMPUR: Bank Negara Malaysia (BNM) has “made progress” in taking action relating to some of the approvals it gave to 1Malaysia Development Berhad (1MDB), its governor Zeti Akhtar Aziz revealed today.

Speaking to reporters at the Leadership Energy Summit Asia today, Zeti however explained that she was unable to elaborate on the matter until the process had been concluded.

“We have already completed our investigations. Now there is some progress in the actions that are being taken, relating to some of the approvals we have given 1MDB,” Zeti said.

When asked about two 1MDB-linked executives wanted by BNM to assist in their investigations, Zeti explained that the central bank had not yet made any “direct communication” with the duo.

“We have not had any direct communication with them yet,” she said, refusing however to elaborate further on the matter.

Yesterday, de facto Law Minister Nancy Shukri said there was no timeframe set for the investigations into debt-riddled 1MDB as there were many witnesses and documents to obtain, some of which were overseas.

“The probe will be completed after the statements of all witnesses are recorded and all related documents obtained,” Nancy had said.

She added that once it was done, a report would be handed over to Attorney-General Mohamed Apandi Ali for further action.


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