Federal audit report on 1MDB likely delayed to March

The National Audit Department has failed to meet the February deadline to present its report on 1Malaysia Development Berhad (1MDB) to the Public Accounts Committee (PAC), a source with knowledge of the matter confirmed.

The parliamentary committee is only expected to receive the report at the earliest this month-end or possibly even in March, the source added.

“Nope,” the source said in a text message to Malay Mail Online on condition of anonymity, when asked if the PAC had received the report.

“Likely earliest end of this month. Most likely March,” the source added when asked when the National Audit Department was expected to submit their report to the PAC.

Attempts by Malay Mail Online to contact PAC chairman Datuk Hasan Arifin and Auditor-General Tan Sri Ambrin Buang have gone unanswered.

Last December, Hasan said in a statement that the PAC has given the National Audit Department time to complete its final report on the state investment firm and that it should be presented to the committee “latest by February 2016.”

The PAC chairman also said on January 20 that the PAC plans to present to Parliament its report on 1MDB in March.

This is the second delay by the National Audit Department, the first being on December 17 when the department failed to submit the report, citing outdated information.

In a statement by Hasan dated December 16, he said that the department needed “to be given sufficient time” to complete the report before presenting it to the PAC.

Prime Minister Datuk Seri Najib Razak had ordered the PAC in March, almost a year ago, to investigate 1MDB, a debt-laden firm that is also under international probe in other countries.

Source – http://www.themalaymailonline.com/malaysia/article/federal-audit-report-on-1mdb-likely-delayed-to-march#sthash.3kEsKiLV.dpuf

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