Malaysian Public Accounts Committee to summon Jho Low over 1MDB probe

Malaysian Public Accounts Committee to summon Jho Low over 1MDB probe
Mr Low Taek Jho.
PHOTO: South China Morning Post

KUALA LUMPUR - Businessman Low Taek Jho, also known as Jho Low, will be summoned to face the Public Accounts Committee (PAC) over probe into 1Malaysia Development Board (1MDB) funds.

PAC chairman Datuk Nur Jazlan Mohamed said Jho Low was special adviser to the Terengganu Investment Authority (TIA), which was set up in 2009, before it was taken over by the Federal Government also in the same year.

"He's got an official capacity in TIA and we want him to clarify certain issues," said the Pulai MP at a press conference here on Friday.

Nur Jazlan said the decision was made after listening to the Auditor-General (A-G) about the investments made by 1MDB. This includes investments with PetroSaudi.

"It's up to him," said Nur Jazlan when asked if Jho Low, who is believed to be overseas, could refuse to attend.

Nur Jazlan said PAC did not want to reach the stage where it had to compel him to come.

PAC will also recall auditors from Deloitte Malaysia, KPMG as well as Ernst & Young to answers further questions which had surfaced after the tabling of the A-G's report.

Nur Jazlan said the PAC intended to call current and previous top executives of 1MDB.

He said the letters would be issued next week.

He said the co-operation of the Finance Ministry would be sought to contact the individuals to attend the PAC hearings in September.

"We are giving enough time for them to attend," Nur Jazlan added.

On Friday, the PAC wrapped up its meeting over the tabling of the A-G's interim report on 1MDB.

Nur Jazlan said the PAC was satisfied with the way the A-G's office had carried out its work including the scope and depth of the interim report.

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