Malaysia's anti-corruption watchdog calls for multi-agency task force to probe 1MDB

Malaysia's anti-corruption watchdog calls for multi-agency task force to probe 1MDB

PETALING JAYA, Malaysia - A multi-agency task force is needed to investigate any possible offences that has resulted in 1Malaysia Development Berhad (1MDB) racking up a total of RM42bil in debt.

In a statement on Sunday, the Anti-Corruption Advisory Board said, "It takes the accusations and allegations made in connection with 1MDB seriously, and takes note of the high public interest in the matter."

The independent board that monitors the Malaysian Anti-Corruption Commission (MACC) hopes to see a resolution to the issues surrounding 1MDB and agreed that a task force should be set up to investigate the management of 1MDB funds.

Because the scope of the MACC is restricted to investigating offences related to graft, the board said other agencies should join in the probe.

"Forming a multi-agency task force will ensure that a detailed investigation is carried out when the Auditor-General's office completes its review on 1MDB, which is expected to be announced at the end of next month," said the board.

It proposed that the task force be composed of the MACC, police, Bank Negara, the Securities Commission, Bursa Malaysia, and the National Audit Department.

"If there are any offences committed, the agencies concerned should take appropriate action in accordance with their respective powers," it added.

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