KLANG, 11 Oct: The decision by Bank Negara Malaysia (BNM) to revoke three authorisations for overseas investment worth US$1.8 billion (about RM7.5 billion) to 1MDB is considered part of the effort to save the country from experiencing further losses.
However, the Chief Minister, Mohamed Azmin Ali, said that the move to cancel the investment authorisation under the Exchange Control Act 1953 (ECA) should be followed by court action by the Attorney General.
“I think that it is important for the people to get a full explanation about what is happening in 1MDB and the initial BNM information also suggested for criminals to be charged, but unfortunately the Attorney General has no intention the proceed with the prosecution.
“At the moment, there are calls for the Attorney General to explain why the investigation cannot be continued with the prosecution because it involves a huge sum of money that may damage the country’s economy. That should be given attention.
“The three projects that were cancelled may be part of an effort the save the current situation, but the cause of the economic collapse should be focused on and action must be taken against criminals involved,” said Mohamed Azmin.
He said this when attending the the Phase 3C Pulau Indah Green Industrial Park And the Pulau Indah Food Station Launch And Sales Launch at Pulau Indah, Port Klang, yesterday.
Prior to this, the Deputy Solicitor General I, Datuk Abd Majid Hamzah, decided to not take further action because there was no mistake made by 1MDB.
However, BNM requested for the decision to be reviewed, but the Attorney General’s Department decided to maintain its decision because there is no new evidence that has been provided.
BNM said in a statement yesterday that under the Federal Constitution, the decision to start criminal prosecution rests entirely on the Attorney General.
NS
