MH370News:2015/Day 362
Day 362: Wednesday, 4 March 2015
News Summary
Media Statements
Media Statement
1MDB STATEMENT |
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| By | : | YAB. DATO' SRI MOHD NAJIB BIN TUN HAJI ABDUL RAZAK, PERDANA MENTERI MALAYSIA |
| Venue | : | PRIME MINISTER'S OFFICE |
| Date | : | 04/03/2015 |
Pejabat Perdana Menteri
Following recent media reports on 1MDB, the Prime Minister today called 1MDB and their auditors Deloitte before Cabinet.
1MDB provided a briefing on 1MDB's current situation and responded to a series of questions posed by Cabinet Ministers, including the Prime Minister and Deputy Prime Minister. Deloitte provided an overview of their engagement with 1MDB and confirmed that the firm had audited and verified the company's accounts.
Cabinet was told that the recent allegations directed at 1MDB relate to transactions undertaken by third parties such as Petrosaudi, not 1MDB. The relevant investments of 1MDB have been returned in full with significant audited profit.
Having received clarifications from 1MDB and Deloitte, Cabinet expressed confidence that no wrong-doing has been committed within 1MDB, and their desire for the company to be allowed to implement the proposed outcomes of its strategic review.
As a further step, the Prime Minister informed Cabinet that he has instructed the Auditor General to independently verify 1MDB's accounts. The Auditor General’s report will be passed for transparent inspection to the Public Accounts Committee, which is fully bipartisan and reflects Parliament’s composition.
Prime Minister Najib Razak said:
“If any wrongdoing is proven, the law will be enforced without exception.”