1MDB: Bank Negara recommended RM23mil fine, but AG then reduced it to RM15mil, says Zeti

Published on 28 Aug 2023 5:36:19 PM

Former Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz on Monday (Aug 28) revealed at the High Court in Kuala Lumpur that the central bank had in fact recommended a penalty amounting to RM23mil against 1Malaysia Development Berhad (1MDB) but the Attorney-General (AG) then reduced the fine to RM15mil.

The 46th prosecution witness said this when asked by Datuk Seri Najib Tun Razak’s lead counsel Tan Sri Muhammad Shafee Abdullah at the former premier’s trial involving alleged misappropriation of RM2.3bil of 1MDB funds, where she also insisted that AmBank did inform her that Najib would be opening an account with the bank, but said the bank’s managing director Cheah Tek Kuang did not tell her that there were expected incoming donations.

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Keywords:
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