The High Court in Kuala Lumpur on Thursday (July 27) heard that the investigation paper (IP) submitted by Bank Negara Malaysia (BNM) to the Attorney-General's Chambers (AGC) with the recommendation to initiate criminal prosecution and to charge 1MDB including the senior officers was classified as no further action (NFA).
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NewsTranscript
00:00 The KL High Court was told on Thursday that the investigation paper submitted by Bank
00:05 Negara to the Attorney-General's Chambers, with the recommendation to initiate criminal
00:10 prosecution and to charge 1 MDB, including the senior officers, was classified as no
00:16 further action or an FA.
00:20 Former Bank Negara Governor Tan Sri Dr Zetty Akhtar Aziz said despite all the damning evidence
00:26 gathered and recorded by the Central Bank, the then AG Tan Sri Muhammad Appandi Ali,
00:32 for reasons unknown, had on September 11, 2015, decided that the IP was to be classified
00:39 as an FA.
00:41 The 46th Prosecution Witness said the IP was submitted as 1 MDB and its officers were found
00:47 to have contravened the provision under the Exchange Control Act 1953 for furnishing false
00:53 information to BNM in the 1 MDB application for permission to make payments outside Malaysia.
01:01 Zetty also said that BNM wrote back to the AGC on October 1, 2015, to reconsider the
01:07 NFA decision and further stressed that 1 MDB had not only failed to provide complete information
01:14 in its application for the Foreign Exchange Administration permission but also provided
01:19 false information.
01:21 The AGC, however, did not reply to BNM's appeal.
01:26 Zetty said this when reading out her witness statement during examination in chief by Deputy
01:32 Public Prosecutor Ahmad Akram Gharib at Najib's trial involving the misappropriation of RM2.3
01:39 billion of 1 MDB funds.
01:42 The trial before Judge Datuk Colin Lawrence Sikirah continues.
01:46 For more information, visit www.fema.gov.uk/coronavirus.
01:48 Thank you.
01:50 [End of Audio]