Friday, 12 August 2016

Bank Negara will be guided by international protocols

Bank Negara will be guided by international protocols if the US Department of Justice (DOJ) approaches the central bank for assistance in investigations into issues related to 1Malaysia Development Bhd (1MDB).

“When it comes to international corroborations, we are dictated by certain protocols,” Bank Negara  governor Datuk Muhammad Ibrahim said.

“We will abide strictly by those protocols when it comes to cooperation with any external investigating bodies,” he stressed at a press conference here.

The DOJ last month filed a civil suit against several individuals to seize over US$1bil (RM4.01bil) worth of assets, which it said were the result of US$3.5bil misappropriated from 1MDB.

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