Think-tanks hail Najib's call for probe into 1MDB account

Think-tanks hail Najib's call for probe into 1MDB account

PETALING JAYA: Several leading think-tanks have applauded the Prime Minister's directive for a probe into the accounts of 1Malaysia Development Board (1MDB).

Tan Sri Dr Michael Yeoh, co-founder and chief executive officer of the Asian Strategy & Leadership Institute (Asli), said: "It's a good and timely move that can lead to greater accountability, transparency and better governance of 1MDB."

He stressed that the audit must be thorough and cover 1MDB's dealings, including its offshore transactions.

"The audit must be exhaustive and completed expeditiously," he said.

Transparency Inter­national Malaysia (TI-M) president Datuk Akhbar Satar said the audit was a good start in clearing doubts surrounding 1MDB's deals.

"It's a good start and shows that at least something is being done to allay concerns over 1MDB's dealings," he said.

He added that the probe must be carried out immediately, with the Auditor-General's Department allowed to do its job without any hindrance.

Akhbar said a special task force should be set up to take further action if the audit detected any misconduct.

"It is still too early to say if such a task force will be needed as this will depend on the audit's findings," Akhbar added.

Institute for Democracy and Economic Affairs (Ideas) chief operating officer Tricia Yeoh said the audit must be free from political interference.

Noting that the Prime Minister is the chairman of the 1MDB board of advisers, she said she hoped there would not be any conflict of ­interest that could impair the results of the audit.

Yeoh said the audit was timely as it would lead to better scrutiny of government-linked companies and state enterprises.

Asli chairman Tan Sri Ramon Navaratnam said the audit would help overcome the public's doubts over 1MDB's dealings.

"This is a clear indication that the Prime Minister wants to know the truth and let the public be assured through the Auditor-General's probe," he said.

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