PETALING JAYA: A day after the Attorney-General’s Chambers (AGC) cleared 1Malaysia Development Bhd (1MDB) of any wrongdoing with regards to its investments overseas, Bank Negara Malaysia ordered the fund to bring back US$1.83bil invested abroad.
The central bank in a statement yesterday stated that it had revoked three permissions granted to 1MDB under the Exchange Control Act (ECA) for investments abroad worth US$1.83bil.
Already a subscriber? Log in.
Subscribe to win RM50 Touch 'n Go e-Voucher! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!