Attorney-General will negotiate return of 1MDB funds, says BNM governor

Ranjit Singh
BNM governor Datuk Muhammad Ibrahim speaks during a press conference in Kuala Lumpur May 17, 2018. ― Picture by Ham Abu Bakar

KUALA LUMPUR, May 17 ― Bank Negara Malaysia (BNM) Governor Tan Sri Muhammad Ibrahim said today the Attorney-General (AG) will be the tasked to negotiate the return of funds abroad that were illegally taken from 1Malaysia Development Berhad (1MDB).

“The AG will be entrusted to be primarily involve in the negotiations of obtaining the funds,” he told reporters at the central bank’s headquarters after presenting the country’s first quarter year economic growth report.

Prime Minister Tun Dr Mahathir Mohamad has said the government will leave no stone unturned in bringing back funds illegally siphoned from 1MDB, the sovereign investment fund set up by ousted Barisan Nasional leader Datuk Seri Najib Razak.

The funds have been reported to be parked in various countries, including the United States, Singapore, Luxembourg and Switzerland.

However, Dr Mahathir has also said the AG position is now vacant although the incumbent Tan Sri Apandi Ali has yet to resign.

Apandi has been put on garden leave and is under investigation following allegations of power abuse over his involvement with the 1MDB probe, in which he cleared Najib of all wrongdoing.