1MDB trial: AGC classified Bank Negara’s investigation paper as NFA, says Zeti

The Star

The High Court in Kuala Lumpur on Thursday (July 27) heard that the investigation paper (IP) submitted by Bank Negara Malaysia (BNM) to the Attorney-General's Chambers (AGC) with the recommendation to initiate criminal prosecution and to charge 1MDB including the senior officers was classified as no further action (NFA).  Read more at https://tinyurl.com/2p8s4e6n  WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

Transcript

00:00 The KL High Court was told on Thursday that the investigation paper submitted by Bank

00:05 Negara to the Attorney-General's Chambers, with the recommendation to initiate criminal

00:10 prosecution and to charge 1 MDB, including the senior officers, was classified as no

00:16 further action or an FA.

00:20 Former Bank Negara Governor Tan Sri Dr Zetty Akhtar Aziz said despite all the damning evidence

00:26 gathered and recorded by the Central Bank, the then AG Tan Sri Muhammad Appandi Ali,

00:32 for reasons unknown, had on September 11, 2015, decided that the IP was to be classified

00:39 as an FA.

00:41 The 46th Prosecution Witness said the IP was submitted as 1 MDB and its officers were found

00:47 to have contravened the provision under the Exchange Control Act 1953 for furnishing false

00:53 information to BNM in the 1 MDB application for permission to make payments outside Malaysia.

01:01 Zetty also said that BNM wrote back to the AGC on October 1, 2015, to reconsider the

01:07 NFA decision and further stressed that 1 MDB had not only failed to provide complete information

01:14 in its application for the Foreign Exchange Administration permission but also provided

01:19 false information.

01:21 The AGC, however, did not reply to BNM's appeal.

01:26 Zetty said this when reading out her witness statement during examination in chief by Deputy

01:32 Public Prosecutor Ahmad Akram Gharib at Najib's trial involving the misappropriation of RM2.3

01:39 billion of 1 MDB funds.

01:42 The trial before Judge Datuk Colin Lawrence Sikirah continues.

01:46 For more information, visit www.fema.gov.uk/coronavirus.

01:48 Thank you.

01:50 [End of Audio]

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