STEALTH BOMBER 'QUIET ZETI' DROPS ATOMIC BOMB ON NAJIB'S & APANDI'S HEAD: CAN THEY SURVIVE?

Folks, this is the latest news that is burning up bandwidth in KL this evening.

After yesterday's "finger pointing at Bank Negara Malaysia" statement by the Attorney General's Chambers, Bank Negara Malaysia has just released the following retort against the Attorney General's Chambers.

Here is a snapshot of the release as well as the text below this:

Here is the text :

Statement on 1MDB by BNM

The Attorney General’s decision with respect to the investigations on 1Malaysia Development Berhad (1MDB) relates to Bank Negara Malaysia’s recommendation to initiate criminal prosecution against 1MDB for breaches under the Exchange Control Act 1953 (ECA). It is to be noted that under the Federal Constitution, the decision to initiate criminal prosecution lies solely with the Attorney General.

As an investigative authority, the Bank is duty bound to conduct its investigations with the highest professional care and diligence.

The Bank at all times expects full and accurate disclosure of information by applicants in considering any application under the ECA. On its part, the Bank concluded that permissions required under the ECA for 1MDB’s investments abroad were obtained based on inaccurate or without complete disclosure of material information relevant to the Bank’s assessment of 1MDB’s applications.

Therefore, the Bank has revoked three permissions granted to 1MDB under the ECA for investments abroad totalling USD1.83 billion and also issued a direction under the Financial Services Act 2013 to 1MDB to repatriate the amount of USD1.83 billion to Malaysia and submit a plan to the Bank for this purpose.

The Bank will continue to extend its full cooperation to ongoing investigations by the Royal Malaysia Police and the Malaysia Anti-Corruption Commission.

Bank Negara Malaysia

09 October 2015