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Thursday, July 9, 2015

1MDB still withholding documents from auditor-general, says PAC

Auditor-General Tan Sri Ambrin Buang (right) with the 1MDB report, which was handed over to Public Accounts Committee chairman Datuk Nur Jazlan Mohamed today. 1MDB has withheld some documents despite requests from the A-G’s department. – The Malaysian Insider pic by Seth Akmal, July 9, 2015. Auditor-General Tan Sri Ambrin Buang (right) with the 1MDB report, which was handed over to Public Accounts Committee chairman Datuk Nur Jazlan Mohamed today. 1MDB has withheld some documents despite requests from the A-G’s department. – The Malaysian Insider pic by Seth Akmal, July 9, 2015.
1Malaysia Development Berhad (1MDB) has yet to submit bank statements and signed agreements to the auditor-general despite requests from the department, the Public Accounts Committee (PAC) said today.
The documents were requested by the A-G for its interim report on 1MDB which was presented to PAC this morning.
"The A-G has told us that they are still facing hindrance as some documents have not been submitted," PAC chairman Datuk Nur Jazlan Mohamed told reporters.
Nur Jazlan said that 1MDB should be giving its full cooperation to the A-G, otherwise its bosses would have to answer for that failure when facing a PAC hearing scheduled for next month.
"We are asking them to submit the documents now," he said.
However, he said that if 1MDB still failed to submit the documents to help the auditor-general complete the audit by the end of the year, they would use "persuasion" to obtain them.
"It's a company fully-owned by the Finance Ministry. And when parliamentarians ask, they must give," he said.
1MDB is being probed for accumulating RM42 billion of debts in the six years since its inception.
Nur Jazlan however refused to entertain possibilities of the relevant documents "going missing" the longer the wait continued.
There had been previous reports alleging that 1MDB had cleared its data, and police raided its office was raided yesterday as part of an ongoing investigation on allegations that Prime Minister Datuk Seri Najib Razak had taken the state funds.
"We cannot assume what they are going to do," Nur Jazlan said.
"If the documents are not submitted at all, the A-G will mention that note in his final report."
- TMI

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