Bank Negara governor offers to resign
Bank Negara governor Muhammad Ibrahim has offered to resign from his post, according to a Bloomberg report, which cited sources.
Muhammad has been the central bank governor for just over two years, after replacing Zeti Akhtar Aziz in May 2016...
Bank Negara governor Muhammad Ibrahim has offered to resign from his post, according to a Bloomberg report, which cited sources.
Muhammad has been the central bank governor for just over two years, after replacing Zeti Akhtar Aziz in May 2016.
It is not clear what the government's response to the resignation offer is.
Bank Negara has thus far declined to comment on the reported resignation.
This comes amid Finance Minister Lim Guan Eng scrutinising the central bank's purchase of government land adjacent to its Sasana Kijang complex in Kuala Lumpur for RM2.1 billion.
Lim said the previous BN government has used the funds raised from the sale to bail out 1MDB.
Bank Negara is also alleged to have overpaid for the land.
It explained, however, that the land sale for the development of a financial education hub complied with all governance requirements and relevant laws.
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