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Now the best time to declassify 1MDB audit report, says PAS
Published:  Apr 25, 2017 5:45 PM
Updated: 10:13 AM

PAS deputy president Tuan Ibrahim Tuan Man said now is probably the best time to declassify 1MDB's audit report and be made public, in view of the reported settlement reached between Malaysia and International Petroleum Investment Company (IPIC).

The audit report has been sealed under the Official Secrets Act (OSA).

Tuan Ibrahim said although it was claimed to be a "settlement", it did not seem to benefit 1MDB or Malaysia as IPIC got what it asked for last year.

“The Finance Ministry is now exposed to paying the debt plus interests involving US$4.7 billion, including US$1.2 billion that 1MDB owed in 2015, plus future interests, and payment of the original sum of the bond totalling US$3.5 billion, which would mature in 2022,” he said in a statement today.

Tuan Ibrahim said 1MDB had previously said that the monetisation of its investment unit fund would be the biggest challenge, in its arbitration process with IPIC.

“If 1MDB fails in monetising its investment unit funds, who will have to pay for it? Would the public funds be used again?” he asked...

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