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    Oct 13, 2015

    Central bank 'had to act against 1MDB'


    MALAYSIA'S central bank chief said it had to take action against debt-laden state fund 1Malaysia Development Berhad (1MDB) to protect the integrity of the financial system, Bloomberg reported, citing Governor Zeti Akhtar Aziz.

    While Malaysia's Attorney-General's office has the right to make its assessments, the central bank believes it is important to comply with its rules and regulations as this is critical for the functioning of the financial system, Bloomberg quoted Dr Zeti as saying.

    She also said that an improvement in the country's political situation would help strengthen the ringgit.