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Monday, May 11, 2015

PAC investigation into 1MDB on May 19

KUALA LUMPUR: - Parliament's Public Accounts Committee (PAC) will begin investigation into 1Malaysia Development Bhd (1MDB) on May 19, says Chairman Datuk Nur Jazlan.

He said PAC had agreed to call Ministry of Finance Secretary-General Tan Sri Irwan Serigar Abdullah and the Director-General of the Economic Planning Unit of the Prime Minister's Department Datuk Seri Dr Rahmat Bivi Abdullah.

On May 26, PAC would call 1MDB and Chief Executive Officer (CEO) Arul Kanda Kandasamy and its predecessor CEO Datuk Shahrul Ibrahim Halmi who served the company between March 2009 until March 2013.

Nur Jazlan Mohamed also said the committee was unanimous in its decision to begin its own investigation against 1MDB after a special meeting on April 30.

"During the discussions, all PAC members comprising of eight Barisan Nasional and five Opposition Members of Parliament were unanimous in agreeing to call all stakeholders involved in the management of 1MDB since its inception in 2009.

"PAC will begin investigation by calling the Treasury Secretary-General and EPU Director-General who have appeared twice before the PAC in 2012," he added.

Nur Jazlan said letters were sent to MOF and EPU on May 6 and based on parliamentary procedures and powers given to PAC, all stakeholders must appear before the committee.

He also said that the EPU replied to the May 6 letter saying that it was not involved in any of 1MDB's business decisions.

However, Nur Jazlan said representatives from EPU must appear before the PAC, as they have appeared twice before this, to explain 1MDB's investment decision involving the plot of land at the Tun Razak Exchange and Bandar Malaysia, Sungai Besi.

"We have sent another letter to EPU today to make sure they are present on May 19 together with MOF to begin investigation," he added. – Bernama

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