Malaysia's central bank said on Friday it had urged the country's attorney general to begin criminal prosecution of troubled fund 1MDB after completing its investigation, piling more pressure on Prime Minister Najib Razak who chairs the fund's advisory board.
At the centre of a political crisis over its debt of nearly 42 billion ringgit ($11.5 billion) and alleged financial graft, 1MDB is the subject of several probes by different authorities, including Malaysia's central bank.
The central bank's statement comes just one day after the attorney general said it had seen a report of the central bank's investigation and concluded that 1MDB officials had not committed any offence. The attorney general, appointed by the prime minister in late July, also said it had rejected a central bank request for a review of the decision.
In its statement, the central bank also said 1MDB had secured permits for investment abroad based on inaccurate or incomplete disclosure of information, thus breaching domestic regulations.