PAC REPORT 1MDB's board of directors did not approve the transfer of US$700 million to Good Star Limited in 2009, said the Public Accounts Committee (PAC).

In its 1MDB report, the PAC said on Sept 30, 2009, Bank Negara had approved for the transfer of US$1 billion into the 1MDB-PetroSaudi (PSI) joint venture account.