Umno Youth to govt: Here are laws that give you power over banks

Umno Youth has challenged Finance Minister Tengku Zafrul Abdul Aziz’s statement that the government is unable to legally compel banks to allow a blanket loan moratorium.

In a statement today, it listed three laws that empowered Putrajaya to impose an “automatic” moratorium.

Criticising Zafrul’s “simplistic” explanation, Umno Youth chief Asyraf Wajdi Dusuki pointed to...