Banking and Financial Institutions Act 1989 · s 70

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s 70

The Minister may at any time direct the Bank to make an examination of the books or other documents, accounts and transactions of any licensed institution and of any office outside Malaysia of a licensed local institution, if he suspects that such licensed institution is carrying on its business in a manner which is, or which is likely to be, detrimental to the interests of its depositors or creditors, or has insufficient assets to cover its liabilities to the public, or is contravening any provision of this Act or the Ordinance.