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Matland News 169 - 1 Matland Dat Boleh (1MDB) Najib's Abang Saya Mau...Abang
- Thread starter cunnosieur
- Start date
https://sg.news.yahoo.com/public-confidence-hit-g-ignored-063722240.html
“The central bank says one thing, the AGC says another. What is going on? How do you restore the confidence of the public and of investors here and abroad?” asked Lim.
“If BNM had recommended action, but none is taken, do you think foreign investors will be confident? Unlikely.
“This also clearly shows that the statement issued by the Malay rulers is not being complied with,” he told reporters in Penang today.
Yesterday the central bank said 1MDB had secured permits for investment aboard based on inaccurate or incomplete disclosure of information, breaching domestic regulations.
BNM also said it had revoked three permits granted to 1MDB for investments abroad totalling RM7.53 billion and ordered the money to be repatriated.
1MDB confirmed the order last night, saying it had already used the money to reduce its debts.
Lim said the AGC must explain what was going on to the rulers and Malaysians, as it was a serious matter involving billions of ringgit.
“A mere statement by the AGC will not be enough to satisfy the concerns and scepticism of the rulers and Malaysians, and restore confidence.
“This failure will affect their credibility again. They must explain why they refused to file charges when BNM had recommended it.”
Lim, who is Penang chief minister, said the future prospects of the ringgit would also be murky and there would be optimism as long as fundamental issues remained unresolved. – October 10, 2015.
“The central bank says one thing, the AGC says another. What is going on? How do you restore the confidence of the public and of investors here and abroad?” asked Lim.
“If BNM had recommended action, but none is taken, do you think foreign investors will be confident? Unlikely.
“This also clearly shows that the statement issued by the Malay rulers is not being complied with,” he told reporters in Penang today.
Yesterday the central bank said 1MDB had secured permits for investment aboard based on inaccurate or incomplete disclosure of information, breaching domestic regulations.
BNM also said it had revoked three permits granted to 1MDB for investments abroad totalling RM7.53 billion and ordered the money to be repatriated.
1MDB confirmed the order last night, saying it had already used the money to reduce its debts.
Lim said the AGC must explain what was going on to the rulers and Malaysians, as it was a serious matter involving billions of ringgit.
“A mere statement by the AGC will not be enough to satisfy the concerns and scepticism of the rulers and Malaysians, and restore confidence.
“This failure will affect their credibility again. They must explain why they refused to file charges when BNM had recommended it.”
Lim, who is Penang chief minister, said the future prospects of the ringgit would also be murky and there would be optimism as long as fundamental issues remained unresolved. – October 10, 2015.
Mudlaysians n Najib so lucky...Got Arab prince...
1 Matland Dat Boleh (1MDB)
$2.6 billion 'KY' money...'facilitate'....
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