1MDB probe won’t be ready soon

The Public Accounts Committee’s (PAC) probe on 1Malaysia Development Berhad (1MDB) is unlikely to be completed for tabling in the Dewan Rakyat this coming March.

Its chairman Datuk Hasan Arifin said more time would be needed as the bipartisan committee had decided to recall former 1MDB president and chief executive officer Datuk Shahrol Halmi and the company’s former chairman Tan Sri Mohd Bakke Salleh.

“We expected to conclude proceedings and begin our report after this but it looks like we will continue.

“I am worried that we might not be able to complete it in time for the report to be tabled in Parliament this March although we will try our best to do so,” he told reporters here yesterday.

Asked why Shahrol was being recalled after having given his testimony to the PAC twice last November, Hasan said there was still information required from him.

He said this was also why Bakke was being called although he served as 1MDB chairman for only two months in 2009.

He added that the dates for Shahrol and Bakke to appear before the PAC had yet to be fixed.

Hasan said that the two men would be the last to be called by the committee before it begins work on its report.

He noted the PAC would not be swayed by local and foreign comments on the 1MDB issue which were found on social media.

“Our report will be based on the findings of the Auditor-General and from our own proceedings,” he said.

Earlier, 1MDB chairman Tan Sri Lodin Wok Kamaruddin concluded his testimony before the committee, after two days of grilling.

Hasan said that Lodin had been cooperative when questioned by the committee.

When met outside the proceedings room, Lodin said the PAC had “thrown some tough questions” at him which he managed to answer.

Lodin, who has been 1MDB chairman since October 2010, expressed hope that the committee would be able to wrap up its probe soon.

Source – The Star (21 January 2016)

Please Share to let more people know about this!