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Tuesday, August 25, 2015

Under pressure to include MACC, AG now says new team won't probe 1MDB

Under pressure to include MACC, AG now says new team won't probe 1MDB
KUALA LUMPUR - The Attorney-General’s Chambers (AGC) announced today the line-up of an eight-agency task force that includes national graftbusters, saying the team will investigate revenue losses but not have anything to do with debt-riddled state company 1Malaysia Development Berhad (1MDB).
The AGC also said the National Revenue Recovery Enforcement Team (NRRET) would take over the role of the previous Special Task Force, which was probing 1MDB matters, but is not “new” but a rebranding of the previous task force with the same aims, except that it won’t probe 1MDB.
“NRRET is not in any way involved with any investigations involving 1MDB and its related companies,” it said in a statement.
It said the task force has been in place since 2011.
The AGC said the NRRET will carry out the same functions of assisting the government in dealing with evasion of custom duties and tax by individuals and corporate bodies; smuggling activities; and misuse of subsidized goods.
This taskforce will also deal with illegal outflow of funds; and acts of corruption that lead to the above actions.
Amid recent outcry over the purported omission of the Malaysian Anti-Corruption Commission (MACC) from this task force, the anti-graft agency’s name was included in the list of the NRRET’s name list today. - Malay Mail

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