KUALA LUMPUR, Aug 28 — Bank Negara Malaysia (BNM) had wanted 1Malaysia Development Berhad (1MDB) to pay a fine of RM23 million, but the attorney general (AG) had pushed this down...
KUALA LUMPUR, Aug 28 — Bank Negara Malaysia had wanted 1Malaysia Development Berhad to pay a fine of RM23 million, but the attorney general had pushed this down to the amount of RM15 million which 1MDB paid in 2016, former BNM governor Tan Sri Zeti Akhtar Aziz told the High Court today.
Zeti said the US$1.85 billion was sent out by 1MDB during the years 2009 to 2011 and that BNM had imposed the fine in 2015, adding that 1MDB’s board of directors and the Finance Ministry as 1MDB’s shareholder would have to be informed that the company has to pay the fine. Zeti said this was because she had as BNM’s then governor discussed the matter with the minister of finance II “just before the penalty was paid”. At the time that 1MDB paid the fine on May 25, 2016, Datuk Seri Ahmad Husni Hanadzlah was the finance minister II.
Asked by Shafee if she does not know whether Najib stopped or did not stop the fine, Zeti replied: “Yes, I have no knowledge because in order to fine or impose a penalty to 1MDB, we needed the consent or permission of the attorney-general, and the attorney-general reduced the fine that was recommended by the central bank.”
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