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PAC: Najib not accountable over 1MDB dealings

Posted: 07 Apr 2016 02:31 AM PDT

Public Accounts Committee (PAC) vice-chairman Dr Tan Seng Giaw says the Prime Minister should not be held accountable over the dealings by 1Malaysia Development Berhad (1MDB). 

The Kepong DAP MP said Datuk Seri Najib Tun Razak was not involved in the company's dealings as he was just a chairman of the advisory board. 

"I think those on the board of directors and management, and those who run the company, are the people we have to probe. 

"That will be the correct thing to do. Legally speaking, how can you take action against people who have done nothing?" he said at Parliament lobby here Thursday. 

"This is the rule of law. You can't condemn a person until he has been proven guilty," Tan said. 

Earlier, the PAC tabled the 106-page report on 1MDB  in Parliament.

It  found that former 1MDB chief executive officer Datuk Shahrol Azral Ibrahim Halmi should be held responsible for the "weaknesses and constraints" faced by the state investment arm.

The 1MDB board of directors had collectively decided to offer its resignation to MoF Inc., which is the 100% shareholder.

Najib: RM42bil not missing as claimed by Dr Mahathir

Posted: 07 Apr 2016 02:03 AM PDT

The Public Accounts Committee's (PAC) report on 1Malaysia Development Berhad proves that RM42bil did not go missing as alleged by Tun Dr Mahathir Mohamad.

In a statement on Thursday, Prime Minister Datuk Seri Najib Tun Razak added that the report proved that Dr Mahathir's claims were false.

"Equally, it is now clear that Tun Mahathir's allegations against 1MDB have been false. He was motivated by personal interest, not the national interest, and a desire to unseat the Government," Najib said.

On the PAC's recommendation, the Prime Minister said the Government would study and act on the committee's advice.

In thanking the National Audit Department and PAC, Najib acknowledged that the report identified weaknesses in 1MDB's capital structure and management.
"We must ensure that lessons are learned, and action will be taken if any evidence of wrongdoing is found," he said, adding that the Government would continue to focus on its economic plan and to strengthen the economy.

Statement on PAC report by Salleh Said

Posted: 07 Apr 2016 01:22 AM PDT

The report by the Public Accounts Committee (PAC) proves that allegations by former premier Tun Dr Mahathir Mohamad against Datuk Seri Najib Tun Razak are false, said Datuk Seri Dr Salleh Said Keruak.

Here is the statement of the Communications and Multimedia Minister in full:

The Public Accounts Committee's report on 1MDB has confirmed that the accusations of wrong-doing made against the Prime Minister by Tun Mahathir's Anti-Najib Campaign were false. ‎

Specifically, it has been proven that the allegations made by Tun Mahathir that 42 billion was missing from 1MDB were completely baseless. No monies are missing, misappropriated or unaccounted for.

There may have been poor business strategy, but there is no evidence of criminal acts.

So it is clear that Tun Mahathir's campaign to change the Government outside a general election, based on allegations of wrong-doing at 1MDB, has failed.

In fact, 1MDB has successfully managed to do a rationalisation exercise, because the assets of 1MDB are greater than its liabilities. This is in contrast to Proton, which needs a government bailout of around 2 billion to survive.

The irony is that while Tun Mahathir has been making false accusations that 1MDB is facing financial collapse, it is Proton – under his leadership – that is actually facing financial collapse, if the government doesn't choose to bail it out.

Tun Mahathir, and the rest of his Anti-Najib Coalition, should be held accountable for the damage they have caused to Malaysia's reputation.


Dr Wee: Khaled has done well as Johor MB

Posted: 06 Apr 2016 11:23 PM PDT

There is no reason to oust Datuk Seri Mohamed Khaled Nordin as he has performed well as Johor Mentri Besar, said Minister in the Prime Minister's Department Datuk Seri Dr Wee Ka Siong.

He said Khaled had done well in attracting foreign investments to the state and had a good relationship with the people of Johor.

Dr Wee, who is also Johor MCA chairman, was refuting an online post claiming that there was a plot to topple Khalid.

If the plot is successful, the post said, Khaled would be replaced by a deputy minister.

Dr Wee said the rumour was baseless and illogical.

"Only an assemblyman of the state can become the Mentri Besar," he said at a press conference after witnessing the signing of an agreement between Brecon Synergy and 1541 Ltd here Thursday morning.

The agreement will see the setting up of the King Henry VIII College in Cyberjaya.

The college, which is scheduled to be opened in 2018, will cater to students between the ages of seven and 18.

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