No need to question Najib, Jho Low over 1MDB, says PAC

No need to question Najib, Jho Low over 1MDB, says PAC

KUALA LUMPUR - There is no need for the Public Accounts Committee (PAC) to question Prime Minister Datuk Seri Najib Tun Razak or businessman Low Taek Jho, also known as Jho Low, over their role in 1Malaysia Development Berhad (1MDB).

"There is no need at the moment.

"We are looking at the framework of 1MDB's governance first," PAC chairman Datuk Nur Jazlan Mohamed said at a press conference after chairing the first meeting of the committee's probe into 1MDB that lasted for more than three hours here on Tuesday.

He said PAC's probe would first focus on governance and management of 1MDB at the ministry level.

According to Nur Jazlan, the PAC would then move on to question the management of 1MDB, its auditors and board of directors.

He said the inquiry would cover all of 1MDB's dealings, transactions, mergers and acquisitions.

He also said that no time-frame has been fixed for the hearing which saw Treasury secretary-general Tan Sri Irwan Serigar Abdullah and Economic Planning Unit (EPU) director-general Datuk Seri Rahmat Bivi Yusoff being among the first to testify before the committee.

He added that 1MDB's former chief executive officer Datuk Shahrul Ibrahim Halmi and current chief executive officer Arul Kandasamy would appear before the committee on May 26.

He urged members of the public to be patient and not to make any speculations pending the committee's probe.

Nur Jazlan said the ultimate aim of the probe was to get to the truth of what really happened, as this was what the rakyat wants to know.

He assured that the committee, comprising eight Barisan Nasional and five Pakatan Rakyat MPs, would act objectively in its probe.

The PAC decided at a special meeting on April 30 that it would launch an investigation into the 1MDB, which is facing allegations over its financial position.

Najib had instructed Auditor-General Tan Sri Ambrin Buang to look into the 1MDB books.

Ambrin had said that an audit report on 1MDB would be released at the end of June.

More about

Purchase this article for republication.

BRANDINSIDER

SPONSORED

Most Read

Your daily good stuff - AsiaOne stories delivered straight to your inbox
By signing up, you agree to our Privacy policy and Terms and Conditions.