Retiring Zeti hopes for closure on 1MDB with administrative action
Kuala Lumpur
BANK Negara Malaysia's (BNM) decision to take administrative action against 1MDB for breaches of the Financial Services Act (FSA) requires the endorsement of Attorney-General Mohd Apandi Ali, says central bank governor Zeti Akhtar Aziz - whose top priority in the 38 days remaining in her tenure is to get some closure on the controversial state-owned development fund.
At the tail end of her time, Dr Zeti stressed on Wednesday that rules and regulations had to be complied with by everyone - "regardless of who the shareholders are" - if the functioning of Malaysia's financial services is to be upheld and respected by all.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
China’s Xi lands in Serbia after talking Ukraine, trade in France
Stormy Daniels details alleged sex with Trump at hush money trial
Indian vote body tells X to remove Modi party video targeting Muslims, opposition
Inflation-hit Argentina has a new top banknote, worth just US$10
Trade between Singapore and Asean was at S$295.6 billion in 2023
One out of every 24 New York City residents is a millionaire