“1MDB confirms that it has today made payment, in full, of the compound, in compliance with the decision of BNM,” the fund said in a statement today.

It had been previously reported that 1MDB has been given until May 30 to pay Bank Negara’s compound for failing to repatriate monies remitted abroad.

The compound issued to 1MDB marked the end of BNM’s investigation into the state-investment arm which has been plagued by controversy, the central bank’s Governor Muhammad Ibrahim said at a press conference on May 13.

He also said that BNM will extend cooperation to other regulatory bodies within Malaysia investigating 1MDB, if the need arose.

“With this, I think we have closed investigations into 1MDB.

“When we say close, we (Bank Negara) mean all rules and regulations under the bank is completed.”

Muhammad, however, refused to reveal the amount 1MDB would have to settle, saying it was not the central bank’s practice to disclose such details to the public.

In March, Bank Negara, then headed by Zeti Akhtar Aziz, said it would initiate “appropriate action” against 1MDB for failing to produce evidence it had used the allocated USD1.83 billion for debt management and restructuring exercises overseas.

1MDB had initially cited these two reasons when asked why the money had not been repatriated to Malaysian shores.