Malaysia's parliament watchdog wants Auditor-General to scrutinise 1MDB

A respected Malaysian parliamentary committee on Thursday called for an official probe into the accounts of 1Malaysia Development Bhd (1MDB), a day after the Cabinet was briefed on a RM3 billion (S$1.1 billion) injection into the heavi
A respected Malaysian parliamentary committee on Thursday called for an official probe into the accounts of 1Malaysia Development Bhd (1MDB), a day after the Cabinet was briefed on a RM3 billion (S$1.1 billion) injection into the heavily-indebted investment agency. -- PHOTO: REUTERS

KUALA LUMPUR - Malaysia's Public Accounts Committee (PAC) has requested the Auditor-General to scrutinise 1MALAYSIA Development Berhad (1MDB), The Malay Mail Online reported on Thursday.

It came before PAC's own plans to summon the government-sponsored fund over its investments and liabilities.

"The public must know the truth and the government must be transparent in the case of 1MDB; if it is true that all its investments and operations are above board, then let this be verified by the government's own department, the Auditor General," said PAC chairman Datuk Nur Jazlan Mohamed.

The committee said the immediate audit should be of the source of the RM2 billion (S$755 million) used to settle 1MDB's loans with local banks, the RM3 billion injection of government funds into the debt-laden company from Putrajaya, conflicting statements regarding funds it kept in the Cayman Islands.