KUALA LUMPUR: Bank Negara is prepared to reopen 1Malaysia Development Bhd’s (1MDB) case if new information surfaces. Speaking to reporters at a briefing, Muhammad stressed that Bank Negara would “certainly look at the case against 1MDB again” if there is new information or evidence of wrongdoing by the fund. He noted that Bank Negara had previously submitted all information and data on breaches by 1MDB that was not covered under the Central Bank’s laws to the relevant government agencies. Bank Negara had previously said it had concluded its investigations on 1MDB in May 2016. Separately, Bank Negara slapped AmBank with a fine of RM53.7mil in November 2015 for not following procedures when dealing with the remittance of funds overseas pertaining to a bond for 1MDB.

Source: The Star May 17, 2018 21:22 UTC