In a nutshell: The PAC’s report on 1MDB

Source: The Malay Mail Online

A 1 Malaysia Development Berhad (1MDB) billboard can be seen in Kuala Lumpur, March 3, 2015. — Picture by Yusof Mat Isa

A 1 Malaysia Development Berhad (1MDB) billboard can be seen in Kuala Lumpur, March 3, 2015. — Picture by Yusof Mat Isa

KUALA LUMPUR, April 7 — The Public Accounts Committee (PAC) released today its report on 1Malaysia Development Berhad (1MDB), after an investigation that spanned 10 sessions across nine months.

According to the PAC, it kicked off its inquiry last May 19 with a briefing by the Treasury secretary-general and the Economic Planning Unit’s director-general, before concluding proceedings on February 11 with the interview of 1MDB’s former chairman Tan Sri Bakke Mohd Salleh and former CEO Datuk Shahrol Azral Ibrahim Halmi.

Audit firms Deloitte and KPMG, 1MDB’s current chairman Tan Sri Lodin Wok Kamaruddin and current CEO Arul Kanda Kandasamy were also called up before the bipartisan parliamentary committee for its probe on 1MDB’s management and investment activities. Read more

PDRM is not a tool for political crackdown – Sevan Doraisamy

Source: Malaysiakini

BY SEVAN DORAISAMY

Suara Rakyat Malaysia (Suaram) strongly condemns the arrest of youth activists and political leaders in the past week and the threats issued by the inspector-general of police against opposition Members of Parliament.

The arrest of Shazni Murni and Shukri Kamarudin under the Sedition Act 1948; the arrest of Muhammad Zhafran under Section 504 of the Penal Code; the arrest of YB Rafizi Ramli under the Official Secrets Act 1972; and the arrest of YB Chan Ming Kai under Section 186 of the Penal Code can only be described as the start of a political crackdown against youth activists and political leaders.

There is no legitimate justification for the arrest and the detention of these individuals. The Royal Malaysian Police (PDRM) as the keeper of peace and security should not be exercising their power for political reasons as they have in these cases. Read more

Citing secrecy law, Speaker says no debate on PAC’s 1MDB report

Source: The Malay Mail Online

dewan_rakyat_signpost_2015_-_parliament_reportKUALA LUMPUR, April 7 — Tan Sri Pandikar Mulia Amin has prohibited the Dewan Rakyat from debating the Public Accounts Committee’s (PAC) report on 1Malaysia Development Bhd (1MDB), noting that its contents include documents classified as official secret.

The decision by the Speaker contradicts PAC chairman Datuk Hasan Arifin’s statement last month that the federal audit on 1MDB — the “secret” document that Pandikar was referring to — would no longer be an official secret once the panel’s report is tabled in the House.

Pandikar, however, insisted that debates can only proceed when the authorities declassify the National Audit Department’s report on the firm.

“I know it has been tabled but as some of the contents are under the Officials Secrets Act (OSA) the Dewan Rakyat cannot discuss it.

“We can debate the matter should the government decide to declassify the (A-G) report,” he told the House.

MORE TO COME