Development Financial Institutions Act 2002 · Updated to 6 Oct 2023 · Part VIII · Examination and Investigation
88. Appointment of investigating officer
Feedback & supportFor the purposes of an investigation under this Act, the Bank may appoint its employee or any other person appointed under subsection 4(3) to be an investigating officer.
Bank
“Bank” means the Central Bank of Malaysia established under the *Central Bank of Malaysia Act 2009;
An investigating officer appointed under subsection (1) shall have all the powers and functions conferred on the Bank under this
officer
“officer”, in relation to an institution, means any of its employees and includes its Chief Executive Officer;
Act.
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development
“development” includes the commencement of any new industrial, agricultural, commercial or other economic venture or the expansion or improvement of any such existing venture;
The Bank may instruct any person to take such steps as may be necessary to facilitate an investigation under subsection (1).
person
“person” includes an individual, any corporation, statutory body, local authority, society, trade union, co-operative society, partnership and any other body, organization, association or group of persons, whether corporate or unincorporate;
An investigating officer who is not an employee of the Bank shall be subject to, and enjoy such rights, privileges, protection, immunities and indemnities as may be specified in this Act, the Central
Bank of Malaysia Act 2009 or other written law applicable to an employee of the Bank.
An investigating officer, in exercising his powers and performing his functions, shall be subject to and comply with the directions, controls, instructions, conditions, restrictions or limitations as may be specified by the Bank, orally or in writing, either generally, or in any particular case or circumstance.
An investigating officer conducting any examination of any person under this Act shall have the power to administer an oath or affirmation to the person who is being examined.