Public Accounts Committee chairman Datuk Nur Jazlan Mohamed says the Finance Ministry has yet to direct Deloitte to audit the accounts of 1Malaysia Development Berhad. – The Malaysian Insider file pic, June 10, 2015.
Putrajaya has yet to direct international auditor Deloitte to audit the accounts of 1Malaysia Development Berhad (1MDB) for the current financial year despite growing concerns over the state investor's financial health.
Public Accounts Committee (PAC) chairman Datuk Nur Jazlan Mohamed said Deloitte, which last audited 1MDB's accounts for the financial year ending 31 March 2014, has yet to be directed by the Finance Ministry to do so.
The debt-laden state investment firm is owned by the finance ministry and has racked up RM42 billion debts in just six years of operation.
"They wanted to do so but the ministry has not given the go ahead yet. So Deloitte has not been given the instruction to start an audit yet," he told reporters after probing the auditors.
Deloitte is 1MDB's current auditor after taking over from another leading firm, KPMG.
Since its inception, 1MDB has changed auditors three times.
- TMI
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