Malaysia's 1MDB says has made full payment of central bank fine
[KUALA LUMPUR] Scandal-hit Malaysian government fund 1Malaysia Development Berhad (1MDB) said on Wednesday it has made full payment of a fine imposed on it by the country's central bank.
Bank Negara Malaysia (BNM) said last month that it had issued a letter of administrative compound to the fund for failing to comply with bank rules.
"1MDB confirms that it has today made payment, in full, of the compound, in compliance with the decision of BNM," the fund said in a statement.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Raisi’s death unlikely to change Iran foreign policy: analysts
Yellen urges EU allies to act jointly on frozen Russian assets
Italy's large deficit, debt could erode investor confidence, IMF warns
US inflation fight will take ‘further time’: senior Fed official
WikiLeaks founder Julian Assange wins permission to appeal US extradition
Iranian President Ebrahim Raisi killed in helicopter crash