KUALA LUMPUR: Bank Negara had recommended a penalty of RM23mil against 1Malaysia Development Bhd (1MDB), but the then Attorney General (AG) reduced the fine to RM15mil, says the central bank’s former governor Tan Sri Dr Zeti Akhtar Aziz .
The 76-year-old witness told the High Court here that, in order to impose a penalty, Bank Negara needed the consent or permission of the AG.
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