You are here

Bank Negara tells 1MDB to repatriate US$1.83b

It revokes 3 approvals given for investments overseas; inaccurate information cited

BT_20151010_PNMDB19_1919698.jpg
LATEST TWIST: The central bank's revocation comes a day after the AGC revealed it had cleared 1MDB of any wrongdoing in Bank Negara's probe of the company's investments overseas.

Kuala Lumpur

BANK Negara Malaysia has revoked three permissions granted to 1MDB for investments overseas amounting to US$1.83 billion on the basis that its approvals were obtained as a result of inaccurate information.

It has directed the controversial state-owned development

sentifi.com

Market voices on:

Powered by GET.comGetCom