Thursday, July 2, 2015

PAC to receive 1MDB interim audit report from AG next week

BY KC NAZARI

Public Accounts Committee chairman Datuk Nur Jazlan Mohamad says it is up to the government auditor if he wants to reveal the contents of the interim 1MDB audit report to the public. – The Malaysian Insider pic, July 2, 2015.
























Public Accounts Committee chairman Datuk Nur Jazlan Mohamad says it is up to the government auditor if he wants to reveal the contents of the interim 1MDB audit report to the public. – The Malaysian Insider pic, July 2, 2015.




The Public Accounts Commitee (PAC) will receive the interim report on the 1Malaysia Development Berhad (1MDB) audit on July 9 from the Auditor-General (AG), Datuk Nur Jazlan Mohamad said today.
The PAC chairman said the AG will also brief PAC on the audit it had carried out on the debt-ridden strategic investor.
"There will be a formal explanation on the report. PAC will have a question and answer session with the AG and his team about the scope of their investigation and whether they were given cooperation by those they had investigated," he told The Malaysian Insider.
However, the Pulai MP said, the decision to make the interim report public is the AG's prerogative.
"The AG report is his property. He is the one who decides to make it public or not. PAC just considers their findings for our own report," Nur Jazlan said.
DAP parliamentary leader Lim Kit Siang yesterday asked the AG where was the interim report on 1MDB which was supposed to have been completed by the end of June.
In a statement, Lim said that the report was "still being awaited" despite it being July, adding that Auditor-General Tan Sri Ambrin Buang said the report should be ready by the end of June.
He also criticised the decision not to make the interim report public and instead only to make it available to members of the PAC, who are conducting their own investigation into 1MDB.
Lim said this "destroys the original rationale" of asking the AG to vet the debt-ridden state investment fund's accounts.
"Although this is only the AG’s interim report on the 1MDB, and that there will be a final report, there is no good enough reason why the interim report should be withheld from the public or MPs who are not on the PAC," Lim said.
"If Najib is not prepared to ensure that the Auditor-General’s interim report on 1MDB is immediately made available to the public, he can junk all the slogans about ‘Nothing2Hide’," he said.
Prime Minister Datuk Seri Najib Razak instructed the AG to audit 1MDB after controversies over its dealings, which led it to rack up RM42 billion in debts in just six years since its inception.
Najib is also chairman of the 1MDB advisory board. – July 2, 2015.
- See more at: http://www.themalaysianinsider.com/malaysia/article/pac-to-receive-1mdb-interim-audit-report-from-ag-next-week#sthash.asbqLY5o.dpuf

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