KUALA LUMPUR (May 17): Bank Negara Malaysia (BNM) has exhausted its investigations into 1Malaysia Development Bhd (1MDB) and will not be reopening the case, unless new evidence arises. 

“We have taken all the action that we can in relation to this particular entity. We don’t have the jurisdiction to take anymore action,” Tan Sri Muhammad Ibrahim told reporters at a media briefing today.

However, BNM is waiting for more transparent data to be released by the Ministry of Finance, he said.

This information will be used in the case of repatriation of funds from overseas, which Prime Minister Tun Dr Mahathir Mohamad has declared as an effort that will be undertaken by his administration.

It is not the central bank but the Attorney General’s Chambers that is responsible for getting in touch with foreign authorities over criminal investigations, Muhammad Ibrahim clarified.

The Prime Minister said six days ago that he would appoint a finance ministry advisor to oversee efforts to recover the money allegedly stolen via 1MDB and transferred into foreign accounts.