Ooh La La. Things are moving fast after the Rulers’ statement on 1MDB.
Fresh from the attorney general clearing 1MDB for the second time after Bank Negara had submitted its investigation paper on 1MDB, the central bank has decided to act.
Bank Negara has revoked three permissions granted to 1MDB under the ECA for investments abroad totalling USS1.83bn. It has also issued a direction under the Financial Services Act 2013 to 1MDB to repatriate the amount.