Johari: BNM found administrative issues in 1MDB

KUALA LUMPUR: Bank Negara Malaysia's administrative action against 1Malaysia Development Bhd does not mean that the state investment fund has committed a criminal offence, said Deputy Finance Minister Datuk Johari Abdul Ghani.

He told the Dewan Rakyat that the central bank had completed its own investigation and found that there were administrative issues in 1MDB.

He said 1MDB did not comply with Bank Negara administrative procedures and the report would be forwarded to the Attorney-General's Chambers.

"There is nothing criminal. BNM has no power to determine the amount of fine, so it has to forward its report to the A-G to decide," he said when wrapping up his ministry's response on the Supplementary Supply (2015) Bill 2016 on Monday.