By Malaysiakini
Zeti Akhtar Aziz
Malaysians wish to see probe against 1Malaysia Development Bhd (1MDB) concluded so that they can move on, said Bank Negara governor Zeti Akhtar Aziz.
“We are not the only investigating authority, there are ongoing (probes),” she said when interviewed by US-based financial channel CNBC. “Everyone wants a conclusion so we can move on, so that the currency better reflects the fundamentals, so we can deal with the economic issues the country is confronted with.”
As for the central bank which completed its probe against 1MDB and on the proposed action to be taken, Zeti said it is currently looking at enforcement of the action against the state-owned strategic fund.
“Now, there is some action taken. When this is final, it will be made known as to the outcome,” she said without elaborating on the action against 1MDB.
Attorney-General’s Chambers (AGC) had cleared 1MDB of any wrongdoing.
Bank Negara has proposed that the public prosecutor takes appropriate enforcement action against 1MDB.
MACC submitted three papers
On Oct 9, 2015, the central bank revoked its prior approval for 1MDB to transfer US$1.83 billion (about RM7.5 billion) overseas and instructed 1MDB to repatriate all the cash, which 1MDB claimed it was unable to do so, as the money was either spent or earmarked for debt transfer.
Zeti later said Bank Negara would check on 1MDB’s claim.
The Malaysian Anti-Corruption Commission (MACC) concluded its own investigation into the RM2.6 billion donation that went into Prime Minister Najib Abdul Razak’s private bank accounts and also investigated Finance Ministry-owned SRC International Sdn Bhd.
It then submitted three investigation papers to AGC, which were returned to the graft buster for further action.
Meanwhile, the National Audit Department has not been able to complete its final audit report on 1MDB as at the close of December 2015.
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