KUALA LUMPUR: Former Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz on Monday (Aug 28) revealed at the High Court here that the central bank had in fact recommended a penalty amounting to RM23mil against 1Malaysia Development Berhad (1MDB) but the Attorney-General (AG) then reduced the fine to RM15mil.
The 76-year-old witness said, in order to impose a penalty, Bank Negara needed the consent or permission of the AG at the material time.
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