1Malaysia Development Bhd (1MDB) fully acknowledges and respects Bank Negara Malaysia's (BNM) right to revoke its earlier permissions and issue any direction it deems fit under the Financial Services Act 2013.
This is despite the Attorney-General’s Chambers (AGC) confirming that no offence had been committed by 1MDB officials.
"1MDB commits to cooperate and continue engaging with BNM, to address their concerns and seek a viable resolution of this outstanding matter," it said in a statement here today.
According to 1MDB, since commencement of BNM investigations in June 2015, the current management and board had fully cooperated, which resulted in investigation papers being submitted to the AGC.
Apart from submitting written answers and sharing relevant documents, 1MDB board members, current and former staff were interviewed by BNM, with detailed witness statements being recorded.
BNM clarified today that it recommended criminal proceedings to the AGC for reasons of "… inaccurate or without complete disclosure of material information …".
1MDB said it was not for money laundering or other alleged criminal actions as highlighted by certain media and opposition politicians.
It added, the AGC had however, as the legitimate authority for such matters, decided that there was "no offence committed by 1MDB officials" and directed that "no further action should be taken".
"Notwithstanding this direction by the AGC, BNM has issued a direction for 1MDB to repatriate a sum of US$1.83 billion.
"This relates to certain historic permissions granted by BNM between 2009 and 2011 for 1MDB to make overseas investments.
"It is pertinent to highlight that those permissions, when granted, had no requirement for funds to be repatriated.
"Further, the use of those funds have been described in detail in the notes to 1MDB's publicly available financial statements dated March 31, 2009 to March 3, 2014," it said.
The state fund highlighted that the overseas investments of US$1.83 billion relates to historic equity and murabaha loan investments in a joint venture with PetroSaudi in 2009 – 2011, that was eventually converted in September 2012 into fund units valued at US$2.318 billion.
"As previously explained by 1MDB to BNM, this sum of US$2.318 billion was redeemed in 2014 and 2015, with proceeds being substantially utilised.
"The remaining US$940 million of fund units, are guaranteed by Aabar and have been ear-marked for a "debt for asset swap" with its 'AA' rated parent, IPIC, as part of the 1MDB rationalisation plan.
"It is, therefore, clear that the original US$1.83 billion sum has either been spent or earmarked for debt settlement arrangements, that will result in a substantial reduction of 1MDB’s debt, per the rationalisation plan," it said.
1MDB also said it had painstakingly provided multiple detailed written and verbal explanations of these facts to BNM between June and end-September 2015.
Bernama
Fri Oct 09 2015
1MDB: Since commencement of BNM investigations in June 2015, the current management and board had fully cooperated, which resulted in investigation papers being submitted to the AGC.
Data & Statistik: Prestasi ringgit setakat 29 Mac 2024
Ketua Ahli Ekonomi Bank Muamalat Malaysia Bhd Mohd Afzanizam Abdul Rashid berkata penggiat pasaran dilihat mengelak daripada ketidaktentuan menjelang pengumuman data PCE, dengan mata wang tempatan dan mata wang serantau lain pada umumnya lemah berbanding dolar AS.
Kandungan mudarat di media sosial meningkat ketara - SKMM
Kandungan memudaratkan itu termasuklah ucapan berbaur kebencian, scam, penjualan haram, perjudian dan berita palsu.
Data & statistik: Indeks harga pengeluar Malaysia meningkat 0.3% daripada -0.6%
Perangkawan Malaysia, Dato’ Sri Dr. Mohd Uzir Mahidin menjelaskan, pada asas bulanan, IHPR Pengeluaran Tempatan meningkat 0.7 peratus selepas penurunan 0.1 peratus pada bulan lepas.
Cukai ditangguh, MOF belum bentang RUU
Di sebalik keinginan masyarakat perniagaan untuk mendapatkan butiran mengenai Cukai Barang Bernilai Tinggi (HVGT), Kementerian Kewangan (MOF) tidak memperkenalkan rang undang-undang HVGT dalam sidang Parlimen semasa seperti yang dirancang pada asalnya.
Kisah Ramadan Tengku Zafrul: ‘Ride’ tengah malam dan moreh di Kampung Baru
Kesibukan sebagai menteri tidak halang Menteri Pelaburan, Perdagangan dan Industri itu luang masa dengan rakan-rakannya.
AWANI Pagi: Mengurus tenaga pada bulan Ramadan
Cuaca panas ketika Ramadan adakalanya menyebabkan penggunaan tenaga pada tahap tinggi. Ketahui tips-tips menguruskan tenaga pada bulan Ramadan, bersama Kamal Arifin A. Rahman, Ketua Pegawai Retail Tenaga Nasional Berhad (TNB).
#AWANIPagi #AWANInews
#AWANIPagi #AWANInews
Bomba pujuk lelaki kurang siuman baring atas bumbung rumah
Mangsa berjaya dibawa turun dan diserahkan kepada pihak polis untuk tindakan selanjutnya.
AWANI Pagi: Berita tumpuan & menarik di astroawani.com [29 Mac 2024]
Suami artis Indonesia Sandra Dewi ditangkap kes rasuah
Netizen ungkit kisah perkahwinan Sandra Dewi dan suuami di Disneyland serta hadiahkan anak jet peribadi.
Lebih 100 pelajar Nigeria berjaya diselamatkan tentera
Tentera Nigeria telah menyelamatkan pelajar dan kakitangan yang diculik oleh lelaki bersenjata dari sebuah sekolah di utara negara itu.
Kerajaan sudah bayar RM48.06 bilion hutang 1MDB
Menteri Kewangan II, Datuk Seri Amir Hamzah Azizan memberitahu, jumlah itu termasuk bayaran AS$3 bilion (RM14.2 bilion) yang dibuat pada Mac 2023 menerusi Belanjawan 2023.
Dana SRC AS$15 juta dipindah kepada beberapa individu termasuk anak bekas PM Mongolia
Menurut pakar penyiasatan kewangan itu penyelidikannya mendedahkan selain Battushig, Dash Uranbileg iaitu tokoh politik di Mongolia menerima AS$2 juta daripada Muraset.
AG peroleh kebenaran mulakan prosiding komital terhadap Isham Jalil
Mahkamah Tinggi Kuala Lumpur hari ini membenarkan permohonan Peguam Negara (AG) untuk memulakan prosiding komital terhadap Isham Jalil.
Perjanjian berkaitan pemulihan aset 1MDB tidak terperinci - Johari
Perjanjian antara kerajaan Malaysia dan Goldman Sachs berkaitan pemulihan aset 1MDB pada 2020, dibuat dengan tidak terperinci.
Kelulusan Najib diperlukan sebelum sebarang langkah dibuat dalam operasi 1MDB - Jasmine Loo
Bekas peguam 1MDB memberitahu mahkamah kelulusan Datuk Seri Najib Tun Razak diperlukan sebelum sebarang langkah dibuat dalam operasi 1MDB.
SPRM peroleh dokumen bank berkaitan kes 1MDB dari beberapa negara melalui MLA - Saksi
Switzerland, Barbados, Hong Kong dan Belanda hulur bantuan dari segi penyerahan dokumen bank melalui Bantuan Undang-Undang Bersama (MLA).
1MDB: Pertuduhan terhadap Najib tidak cacat - Saksi
Mahkamah Tinggi diberitahu bahawa pertuduhan yang dikenakan ke atas bekas Perdana Menteri Datuk Seri Najib Tun Razak dalam kes 1Malaysia Development Berhad (1MDB) tidak cacat.
Jho Low bersumpah mahu jadikan hidup saya menderita jika kembali - Jasmine Loo
Jasmine Loo memberitahu Mahkamah Tinggi bahawa Jho Low telah bersumpah untuk menjadikan hidupnya menderita sekiranya beliau kembali ke Malaysia.
Jho Low arah Kee Kok Tiam sediakan surat derma Arab Saudi - Jasmine Loo
Arahan itu adalah bagi menyatakan dana-dana yang dimasukkan ke dalam akaun bekas Perdana Menteri Datuk Seri Najib Tun Razak adalah derma dari Arab Saudi.
Kes 1MDB: Jho Low dakwa ada bukti, bertindak atas arahan Najib - Saksi
Jasmine Loo berkata, Jho Low pernah mendakwa, sekiranya apa-apa terjadi kepadanya, dia mempunyai bukti menunjukkan semua tindakan yang dilakukan ialah mengikut permintaan Najib.