Negara had to take action against 1Malaysia Development Bhd (1MDB) to protect the integrity of the financial system, according to governor Tan Sri Dr Zeti Akhtar Aziz, who said an improvement in the country’s political situation would help the ringgit.
The attorney general’s office earlier this month dismissed the central bank’s second request for criminal proceedings against 1MDB for breaching the Exchange Control Act.
The central bank revoked three permissions given to 1MDB for investments abroad totaling US$1.83bil (RM7.58bil), and instructed it to repatriate the amount.
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The attorney general’s office earlier this month dismissed the central bank’s second request for criminal proceedings against 1MDB for breaching the Exchange Control Act.
The central bank revoked three permissions given to 1MDB for investments abroad totaling US$1.83bil (RM7.58bil), and instructed it to repatriate the amount.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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