The bank said it therefore revoked three approvals it previously granted for 1MDB investments and ordered the investment fund to repatriate the total of $1.83 billion to Malaysia.
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Zahid said he also hoped that no one would issue statements which suggest that the government was not making any effort to tackle these issues.
It said in a statement that the $1.83 billion has either been spent or earmarked for settlement to reduce its debts.
The central bank began investigating the fund earlier this year and said it has recommended criminal prosecution of it.
The fund didn’t comment on the central bank’s claims it had given inaccurate information on the transfers.
Najib’s mortal threat definitely lies inside the party, where Muhyiddin Yassin – whom he dismissed as his deputy prime minister – lies in wait.
Malaysia is a country in turmoil. Critics have been detained under security laws on allegations of trying to sabotage the country.
Separate investigations by the police and the anti-corruption agency were not yet completed as statements of a few key witnesses have not been recorded, it said in a statement. The plan has been well received by both local and foreign investors.
Najib has denied taking any money for personal gain and the government has said the deposit was a private donation. Attempts to reach him haven’t been successful.
“The process will involve schedules that will require us to restructure to rationalise 1MDB, its accountability as well as the investigation aspect to ensure that any party who has broken the law will be brought to justice”, he said, adding that what the Rulers had said was what ministers had been advised at cabinet level and by the Prime Minister himself.
This week, nine of the country’s sultans, who are titular heads of Malaysian states, waded into the issue, demanding a full investigation and blaming the scandal for hurting Malaysia’s global image.
“The Prime Minister (Datuk Seri Najib Tun Razak) has asked for six months (to settle the 1MDB issue)”.
They said the 1MDB problem is viewed as chief cause for the most recent strong jump of the ringgit, which often january weakened to the 17-year low of more often four ringgit onto the american dollar. The fund says it hasn’t been contacted by overseas investigators but stands ready to cooperate.
Even in a country where money politics have always been rife, the scale of the suspected graft in the scandal, which centers on the sovereign wealth fund, 1Malaysia Development Berhad, or 1MDB, has alarmed Malaysians.
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The WSJ has since stood by its findings. Chang was also planning to travel with Khairuddin to the USA, the Journal reported.
