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AGC-Bank Negara clash over 1MDB clouds M'sia

Analysts see investors losing confidence in country's due process

Published Tue, Oct 20, 2015 · 09:50 PM

Kuala Lumpur

HAS the outlook for Malaysia's financial system become "cloudy with a diminishing chance of clarity"?

Analysts say the divergence of opinion between the central bank and attorney-general's chambers (AGC) on whether state-owned 1MDB violated the Exchange Control Act (ECA) 1953 is doing little for investor confidence and throwing the spotlight on enforcement.

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