‘Call PAC hearing on 1MDB before proof gone’

Pakatan Rakyat MPs on the Public Accounts Committee want a hearing on 1Malaysia Development Bhd, for the Finance Ministry-owned firm’s past and present chief executives and auditors to be held accountable.

This follows a Sarawak Report expose alleging that 1MDB had channelled US$700 million (RM2.5 billion) into the account of a company linked to controversial money man Jho Low.

“PAC must immediately call former 1MDB CEO Shahrol Halmi, current president Arul Kanda, auditors KPMG and Deloitte as well as Finance Ministry officers for a hearing.

“All documents and related email must be brought to the public hearing. This must be done immediately, before any evidence is destroyed,” they said.

The members are DAP’s Kepong MP Tan Seng Giaw, PAS’ Kuala Terengganu MP Kamarul Baharin Abbas, PAS’ Kota Bharu MP Kamaruddin Jaffar, PKR’s Selayang MP William Leong Jee Keen and DAP’s Petaling Jaya Utara MP Tony Pua Kiam Wee.

PAC chairperson Nur Jazlan Muhammad (above, centre) last week urged the National Audit Department to audit 1MDB.

Last year, Auditor-General Ambrin Buang said there is no need to audit 1MDB since the state investment firm is already audited by top audit firms.

Malaysiakini contacted Ambrin on Nur Jazlan’s call, but did not get a response.

Sarawak Report said the US$700 million from 1MDB was part of a joint venture with Saudi Arabian oil company PetroSaudi International.

In response, PetroSaudi said all the funds from 1MDB for the joint venture, which has since been dissolved, went to PetroSaudi firms.

When contacted, 1MDB was mum on the US$700 million (RM2.5 billion) but reiterated that it had recovered the US$1 billion (RM3.63 billion) it invested in the PetroSaudi joint venture, as well as a profit of US$488 million (RM1.77 billion).

Low’s public relations representative has yet to respond to Malaysiakini’s email queries. – Malaysiakini

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