PKR's Petaling Jaya Utaara MP Tony Pua (centre) handing over the complaint to a representattive from MIA today. – The Malaysian Insider pic, May 27, 2015.A DAP lawmaker today filed a complaint against international auditor Deloitte and its audit partner Ng Yee Hong for failing to conduct a thorough audit on debt-ridden 1Malaysia Development Berhad (1MDB).
Petaling Jaya Utara MP Tony Pua said the complaint lodged at the Malaysia Institute of Accountants was over the audit of 1MDB for March 2013 and 2014.
"Among the reasons I decided to proceed with an official complaint against Deloitte is because both the prime minister and board of directors of 1MDB have been using Deloitte as a shield to defend and justify the state of 1MDB today," he said at the Malaysian Institute of Accountants (MIA) office in Kuala Lumpur this afternoon.
Pua said Deloitte Malaysia intentionally or negligently failed to conduct sufficient and necessary due diligence and audit of the cash flow and liquidity risk of 1MDB.
"Deloitte signed off and endorsed 1MDB as a going concern on November 5, 2014 despite the company facing an imminent liquidity crisis, as exposed before the end of the month when it was unable to repay its RM2 billion debt.”
- TMI
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