1MDB failed to serve relevant docs to AG for audit: PAC

KUALA LUMPUR: Despite three months of on-going audits on the state investment arm 1Malaysia Development Bhd (1MDB), it has, to date, failed to serve relevant documents to the Auditor-General (AG)'s department.
Public Accounts Committee (PAC) chairman Datuk Nur Jazlan Mohamed urged 1MDB to submit all relevant documents like bank statements and agreements to the AG to enable the audit to be completed by year end.
"There is still no good cooperation from 1MDB in terms of providing documents to the AG.
"We asked AG what is the hindrance in its works and AG explained that 1MDB have not submitted the documents yet," he told a press conference after chairing a four-hour meeting at Parliament today.
When asked why 1MDB has not submitted its bank accounts and agreement documents despite being asked, Nur Jazlan said "they have yet to provide the documents, maybe tomorrow they might."
If 1MDB still fails to provide the documents by next month, he said it will have to explain its failure in serving the relevant documents when it appears before the PAC.
He said 1MDB's former and current CEOs will be called in August to be probed by the PAC.
Nur Jazlan said AG Tan Sri Amrin Buang appeared before the PAC to present its 70-page long interim report on 1MDB's audit which began on March 10 and ended on June 15.
He said PAC is satisfied with the interim report which looked into 1MDB's financial statements, investments on energy and real estate and assets.
"The interim report is thorough and was done transparently. The AG has given a lot of information," Nur Jazlan said.
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