Malaysia’s central bank denies rumours of governor’s resignation

Kuala Lumpur: Malaysia’s central bank on Thursday denied rumours circulating in local media and financial markets that its governor Zeti Akhtar Aziz has resigned.

When asked to comment on the rumour, a central bank spokeswoman said: “This is not true.” Rumours have circulated that Zeti has been under pressure to resign from her post amid investigations into 1 Malaysia Development Berhad (1MDB), a fund under the purview of the finance ministry.

A task force comprising of the central bank, the attorney-general’s office, the police department and the anticorruption commission are investigating allegations of graft and financial mismanagement in 1MDB.

The fund’s advisory board is chaired by prime minister Najib Razak and has debts of over $11 billion.