The government also gave permission to the CBI to prosecute Sanjiv Sharan, former executive director of the PNB, the official said.
When in 2014 it was reported that 1MDB had amassed US$11 billion in debt, posing a threat to the Malaysian ringgit, the scandal began to unravel.
President Erdogan says his nation, amid crisis with Washington, may be forced to seek out 'new friends'
Vietnam has so far licensed around 10 wholly-foreign-owned banks, such as HSBC Vietnam, Standard Chartered Vietnam, Hong Leong Vietnam, CIMB Vietnam, according to the State Bank of Vietnam, the country’s central bank.
As part of the consultation, the group is seeking views on the mission statement for the GFIN, its proposed functions, and where it should prioritise activity.
The Financial Stability and Development Committee, headed by Vice-Premier Liu He, emphasised last week that that it will continue to crack down on wrongdoing and illegal financial institutions.