AGC: No offence by 1MDB in Bank Negara probe


PETALING JAYA:  The Attorney General's Chambers (AGC) has decided that no offence was committed by 1Malaysia Development Berhad (1MDB) based on an investigation paper (IP) by Bank Negara and no further action should be taken.

The AGC said Bank Negara's investigation into 1MDB was focused on an offence under paragraph (4)(b) of Part 1 of the Fifth Schedule to the Exchange Control Act 1953 for recklessly making a statement which is false in a material particular.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
AG , 1MDB , Bank Negara

Next In Nation

Students advised not to turn down offers to pursue higher education
TAR UMT research with real impact
Deadly fire forces cattery to seek new site
Oil market needs more time
RM350mil allocated for Johor infrastructure projects
Treasury sec-gen: Irregularities detected in govt tenders
Borrowers, beware of loan shark trap
Increased diesel subsidies for Sabah, S’wak
Cops intercept illegal entry operation
Woman arrested for poisoning own child

Others Also Read