Section 97
Special examinations
of Malaysia Deposit Insurance Corporation Act 2011
Where the Corporation has reason to believe that a due diligence or other examination should be made for the purposes of the exercise of any powers of the Corporation under section 25 or subsection 99(1) or the making of a payment under Chapter 3 of
Part IV or Chapter 3 of Part V, the Corporation may conduct one or more special examinations of a member institution.
(2)
The scope of special examinations under subsection (1) may include the examination of records, books, accounts or other documents and transactions of the member institution.
(3)
For the purpose of this section, an officer, auditor, receiver, manager, receiver and manager, liquidator or agent of the member institution or any other person shall furnish to the officers or employees of the Corporation or any other person appointed by the Corporation
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such documents, materials, information or explanations as the
Corporation may require.
(4)
The Corporation may recover the costs and expenses of a special examination from the member institution as a debt due and payable to the Corporation.
(5)
The Corporation shall make a report to Bank Negara Malaysia upon completion of the special examination.