BNM: 1MDB given time to bring back RM7.7b, investigation on fund closed

Bank Negara governor Datuk Muhamad Ibrahim said the central bank will give 1Malaysia Development Bhd (1MDB) time to repatriate the US$1.83 billion (RM7.76 billion) it has abroad. He said Bank Negara decided against imposing a deadline for the repatriation after 1MDB said it needed the fund to restructure its debt. The state investment firm was compounded for failing to bring back the money.

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