AGC: No offence by 1MDB in Bank Negara probe


PETALING JAYA:  The Attorney General's Chambers (AGC) has decided that no offence was committed by 1Malaysia Development Berhad (1MDB) based on an investigation paper (IP) by Bank Negara and no further action should be taken.

The AGC said Bank Negara's investigation into 1MDB was focused on an offence under paragraph (4)(b) of Part 1 of the Fifth Schedule to the Exchange Control Act 1953 for recklessly making a statement which is false in a material particular.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

AG , 1MDB , Bank Negara

   

Next In Nation

Impact study on digitalisation to serve as ‘future map’ of M’sian workforce, says Sim
Cabinet to discuss Online Safety Bill soon
Study on proposed Trans-Borneo Railway project to start December, says Sabah Deputy CM
Cops now can block and seize transactions involving online scams cases, says Kulasegaran
MCMC orders online content linking Sabah assemblymen to corruption removed
Lawmaker urges Oversight Committee for resource management transparency
Dec 18 case mention for woman charged with attempted murder of UiTM student
Umno, Selangor Umno negotiating settlement over SRC’s RM19.5mil suit
QR use at causeway to be extended to all forms of transportation
Digital Ministry is developing a new policy to foster SME technology adoption

Others Also Read