You are here

Malaysia Home Ministry suspends The Edge Weekly and The Edge Financial Daily

The Edge Financial Daily's report on 1MDB on July 20.

The Malaysian Home Ministry (Kementrian Dalam Negeri - KDN) has suspended the publishing permit of The Edge Weekly and The Edge Financial Daily for three months from July 27, 2015.

According to a The Edge Media Group, a letter from KDN stated that the two publications' reporting of 1MDB were "prejudicial or likely to be prejudicial to public order, security or likely to alarm public opinion or is likely to be prejudicial to public and national interest".

Failure to stop publication for three months will result in the withdrawal of the publishing permits, the KDN letter said.

Publisher and CEO of the Malaysian media group, Ho Kay Tat, expressed disappointment with the KDN decision.

Market voices on:

"We don't see how exposing the scam to cheat the people of Malaysia of billions of Ringgit can be construed as being detrimental to public and national interest," said Mr Ho. "This is nothing more than a move to shut us down in order to shut us up."

He said The Edge will go to court and try and get the suspension lifted.