AG says still scrutinising BNM findings on 1MDB

(Malay Mail Online) – The Attorney-General’s Chambers (AGC) is still poring over Bank Negara Malaysia’s (BNM) findings in its just-concluded investigation on 1Malaysia Development Berhad (1MDB).

As such, newly-appointed Attorney-General Tan Sri Mohamed Apandi Ali told Malaysiakini that he would not comment on the matter just yet.

“We are still studying the papers. I have no comment,” he was quoted in the news portal as saying.

“The papers were sent to us late in the afternoon or before 5pm on the day (BNM) governor (Tan Sri Zeti Akhtar Aziz) gave the press conference.

“It’s not that (the papers were sent to us) one week before (Zeti’s press conference),” he added.

Last Thursday, Zeti told a press conference that BNM’s had concluded its probe on the state investment firm and that its findings have been submitted to the AGC.

Zeti also noted that the bank’s findings are the culmination of several years’ worth of prior informal monitoring of 1MDB’s investment activities, which she said has required BNM to follow closely as the firm was highly geared.

The BNM chief stressed, however, that the bank cannot publicly discuss the contents of the report submitted to the AG, though she did say it had to do with information on the relevant accounts shared by local banks and the central bank’s international counterparts.

In early June, Bank Negara announced that it had launched a formal inquiry on 1MDB’s activities to establish if there were any contraventions to the country’s financial rules and regulations.

The investigation included taking statements from individuals involved in the governance process and obtaining information from other relevant domestic and foreign parties.