1MDB did not deposit money into BSI, claims Muhyiddin

Bank Negara’s report is in the hands of Auditor-General, says former DPM.

PETALING JAYA: Former Deputy Prime Minister Muhyiddin Yassin today claimed the Monetary Authority of Singapore had submitted a report to Bank Negara regarding 1MDB money that was not deposited in the BSI Bank account in Singapore.

He said the report was sent to the Auditor-General for investigation.

“It is the norm for heads of government agencies to visit me to inform me on developments on any issue.

“In my meeting with Bank Negara Governor Zeti Akhtar Aziz, I came to know that 1MDB did not deposit the money into the BSI Bank account in Singapore.

“I also know a lot of 1MDB’s transactions had violated the Financial Services Act 2013, an offence which is punishable with a maximum fine of RM50 million or a prison sentence of 12 years,” he wrote on his Facebook page last night.

His post was in response to Umno Supreme Council member Puad Zarkashi’s allegations published in the Berita Harian on March 26.

“Puad had said that I was lying about my meeting with Zeti and what she had shared with me on 1MDB.

“I want to stress that I did not lie. Zeti has not fully denied my statement. Puad assumed I lied because he does not know what really happened.”

Muhyiddin said as DPM at that time, he had the right to know in detail, issues of national importance.

He pointed out that no one should forget that Bank Negara had twice submitted investigation papers to the Attorney-General (AG) on 1MDB and recommended legal action against the company, but these were rejected by the AG.

“This means that Bank Negara was satisfied that there was misconduct on the part of 1MDB,” he wrote.

He claimed that Zeti also told him that she was determined to continue the investigation into 1MDB despite facing pressure.

“As a credible central bank governor, I’m sure she did her job responsibly.

“I am confident that the rakyat will know the facts of this case and the truth will prevail if it is tried in court.”