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Kit Siang files motion to reject PAC's 1MDB report
Published:  Mar 22, 2018 1:41 PM
Updated: 6:14 AM
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PARLIAMENT | DAP parliamentary leader Lim Kit Siang has filed a motion for the House to reject the Public Accounts Committee (PAC) report on the 1MDB affair and demand more comprehensive investigations.

Lim said the motion was of great urgency because Deputy Communications and Multimedia Minister Jailani Johari had told Parliament that any 1MDB-related information unverified by the PAC report, the police, and the attorney-general was "fake news".

"This is a most laughable and outrageous answer, and the latest example where ministers and deputy ministers are competing to make Malaysia the laughing stock of the world at a time when the whole world has been awash with 1MDB news and developments.

"This is the information which the Malaysian government is desperately trying to suppress - presenting the image of a boy trying to plug the hole in the dike, except that this is not a hole but a yawning canyon with tidal floods," he said in a statement today.

Lim said much had happened since the PAC report was completed in April 2016, and therefore warranted the PAC investigating 1MDB in light of new evidence.

He also argued that the PAC report had never been accepted by Parliament, as it was only tabled but never debated.

Lim said that he hoped Putrajaya would recognise the urgency of the matter and allow his motion to be debated as soon as possible.

In 2015, Prime Minister Najib Abdul Razak had ordered the PAC and auditor-general to investigate 1MDB and promised that their reports would be made public.

However, only the PAC report was eventually available while the audit report was classified.

The PAC found various irregularities in 1MDB, such as the US$700 million transfer to Good Star Ltd, the termination of auditors and the US$1 billion transfer to a "fake" version of International Petroleum Investment Co (IPIC) subsidiary Aabar Investments PJS.

Opposition members of the PAC also pointed out that some crucial information was left out of the final report.

In 2016, fresh evidence arose from US Department of Justice investigations and multiple convictions against 1MDB-linked bankers that were secured by Singaporean investigators.

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