Bank Negara Malaysia (BNM) will submit a detailed report to attorney-general Abdul Gani Patail in two weeks on the findings of investigations into the entry of foreign funds to local companies and organisations.

 

Deputy Finance Minister Donald Lim said although the report was ready, the central bank needed confirmation from several parties as foreign organisations were involved (in the channelling of funds).

 

“The issue being investigated is whether illegal money or money laundering.

 

Our attorney-general will study the report to determine whether there is such a thing before we wrap up our investigations,” he told reporters at Parliament lobby today.

 

The deputy minister was asked on the progress of investigations into foreign funds being channelled to companies, organisations and non-governmental organisations.

 

Lim (picture) said that only the Companies Commission of Malaysia (CCM) could take further action on this matter.

 

He said Bank Negara has a special committee to investigate foreign funds coming into the country.

 

“(If it’s true) some parties are receiving funds from foreign parties for a certain purpose, it’s tantamount to sabotaging the nation,” he added.

- Bernama

Related stories

NST given 48 hours to apologise to NGOs

Ambiga warns of crackdown on civil society groups