The current National Bank official inquiry into the 1MDB

All applications submitted by 1MDB must comply with the criteria for approval, no leniency or special exemption is granted.

KUALA LUMPUR: Bank Negara Malaysia (BNM) said it has launched a formal investigation to investigate if the problem 1Malaysia Development Berhad (1MDB) has certainly violated the rules of the Central Bank and the law.

"It involves legal instructions issued to obtain information from the entity," said BNM in a statement.

BNM also confirmed they would also take statements from individuals involved in administering and managing information from internal and external parties concerned.

"In addition, Bank Negara Malaysia has submitted the information obtained from foreign authorities to investigative agencies. The action was carried out after obtaining permission from the foreign authorities," the statement said.

In addition, BNM also emphasized that further disclosure of the details of the investigation could affect the outcome of the investigation, "he said.

National Bank has also stressed that it is taking all necessary steps under its legal jurisdiction, including in cooperation with other agencies, to contribute to the solution of this problem as soon as possible.

Press reports and comments widely on 1MDB has raised the question of whether Bank Negara Malaysia has implemented the mandate given to him.