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1MDB's ex-boss should be held responsible for weaknesses, says PAC

The Public Accounts Committee (PAC) has opined that 1MDB former chief executive officer Shahrol Azral Ibrahim Halmi and others in the management should be held responsible for the weaknesses in the administration of the state-owned fund.

"In summary, PAC found the constraints and certain weaknesses in 1MDB management and board of directors.

"Particularly PAC was of the view that 1MDB ex-CEO Shahrol should take the responsibility for the weaknesses and constraints.

"As such, the enforcement agency was urged to probe Shahrol and other management," said the PAC's report on 1MDB.

In a statement to the media later, PAC chief Hasan Arifin said that the report must be studied in detail and followed up with investigations by enforcement authorities.

"If an offence is proven (to have been committed), legal actions must be taken," he said.

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