Wednesday, 23 September 2015

Are SC/BM not involved in 1MDB probe?

Article in The Edge: "Zeti: Public deserves answers to 1MDB"

One snippet:

“There are three agencies involved, comprising the police which deal with cheating, criminal breach of trust and so on; the MACC (Malaysian Anti-Corruption Commission) which deals with corruption; and the central bank, BNM, that deals with aspects relating to our financial system and what contravention there has been of our rules [and] regulations, and our laws."

I definitely hope that the Securities Commission and/or Bursa Malaysia are included in the probe as well. Although 1MDB is not a listed company, the following companies are or were listed on Bursa:

  • Utama Banking Group Bhd
  • Cahaya Mata Sarawak Bhd
  • Putrajaya Perdana Bhd
  • Loh & Loh Corp Bhd
  • RHB Cap Bhd

According to this article from The Malaysian Insider, all these companies were very much linked to 1MDB and the actors involved in the drama.

BM and/or SC have been as quiet as a mouse over the whole affair, but they should revisit all deals regarding these four companies, if the information provided to the public has been correct at all times.

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