r Datuk Seri Nazir Razak points to bad governance in GLC firms in questioning Putrajaya for dragging its feet over 1MDB's 2015 accounts audit. – The Malaysian Insider file pic, June 12, 2015.
The prime minister's brother Datuk Seri Nazir Razak said he was "perplexed" over Putrajaya's slowness in auditing troubled 1Malaysia Development Berhad's (1MDB) financial accounts for the current financial year.
In a posting on photo-sharing site Instagram, the prominent banker questioned if corporate governance on the Finance Ministry-owned state investment vehicle standards had dropped.
"I am perplexed why your March 2015 audit has not even started? How is this allowed? Has standards of GLC governance dropped so low?" he posted on his Instagram account.
Parliament's Public Accounts Committee (PAC) revealed two days ago that Putrajaya had yet to direct international auditor Deloitte to audit 1MDB's 2015 accounts.
It last audited 1MDB's books for the financial year ending March 31, 2014.
- TMI
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