YOURSAY | ‘ Millions unaccounted for, yet PAC seems afraid to offend the alleged perpetrators.’

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

Dont Just Talk: As usual, the horses have already bolted from the stable and those small band of crooks are celebrating with fine wine in Las Vegas, US as alleged by Sarawak Report .

This mother of all financial scandals has resulted in a trust deficit in PM Najib Abdul Razak and the best part of the story was that RM42 million from SRC International was found in Najib's personal accounts.

His reply to Parliament was no one from SRC knows who authorised the transfer. It is either a Houdini's act or someone is trying to implicate our honest, beloved Najib.

By the way, former 1MDB CEO Shahrol Azral Ibrahim Halmi, on his own, would not have dared carry out such negligent practices, especially when he can be charged with breach of fiduciary duties.

Jaycee: Unbelievable! Billions of dollars allegedly fleeced from the taxpayers and the statement issued by the Public Accounts Committee (PAC) is almost like they are afraid to offend the alleged perpetrators.

AntiRacial: So now that 1MDB has found a scapegoat to close the case, will the next statement be that the police are unable to trace the whereabouts of Shahrol?

HeTheMan: This is the most watered-down report on a matter of such considerable magnitude I have ever come across in my life.

It's as though only a couple of million ringgit is involved. Everything and every wrongdoing is heaped upon the scapegoat, while the bigger perpetrators involved are happily having their lunch just about now.

I am now wondering whether Shahrol volunteered to be the scapegoat.

Flyingeagle: This was just like an individual having a credit card maxed out and unable to service the minimum amount, then applied for a second card to service the first one and so on.

PAC, what do we expect from the Umno Baru-BN government whose cabinet ministers can’t seem to manage our beloved country?

BN lawmakers, if you have allegedly received donations from your boss and have enough to survive to the last day, please resign and migrate to some other country where Interpol cannot get you. The country and its citizen need to survive. Okay?

True Colors: What is the role and accountability of the advisory board? The CEO cannot be solely accountable unless it is a personal criminal breach of trust (CBT) charge.

It is impossible to believe that the advisory board has no responsibility in this whole fiasco.

Uragt: We do not need PAC to tell us that the board members of a company are ultimately responsible for its policies.

We want to know who took advantage of these loopholes. In other words, who the ‘criminals’ are, including the officers who failed in their fiduciary duties.

FairMind: I was wondering why the PAC report was allowed to be presented in Parliament without a hitch. Today I know why. The fall guy is Shahrol.

Unspin: Poor Shahrol. He must be kicking himself for not going into exile like the SRC directors and tycoon Jho Low.

Jibtuya C4: Yes, done deal, scapegoat found, it's the ex-CEO. Case closed, let's move on, Bolehland-style.

1MDB board of directors offer to resign after PAC report

FellowMalaysian: My reaction to 1MDB's board of directors' immediate response to the PAC report is one of awe and exasperation.

I only read about the many “successes” that the board has gloriously trumpeted, such as “successfully steering 1MDB through a challenging period” and having established a strategic review that led to the “successful rationalisation plan”.

The board also claimed that all the funds have been fully accounted for and 1MDB has paid off its short-term debt and also its bank debts.

If 1MDB was so well-managed, efficient and successful in its undertakings as the board members claimed to be, why then do they have to announce their resignation en mass after the PAC report was disclosed?

Rupert16: Offer to resign? The 1MDB directors must be joking. They should be sacked and arrested for allegedly trying to cover a massive sham.

LifeFlier: A sum of US$700 million of 1MDB's fund was transferred to Good Star without the approval of the 1MDB board; US$1.367 billion was paid to Aabar Investments PJS Ltd, also without the board's approval.

If this isn't a broad daylight burglary, it is surely the work of insiders.

Anonymous #40538199: Who would believe that such colossal amount of money can be transferred without the approval or knowledge of the board and the Finance Ministry.

Worse still, until today, the rakyat have not heard any effort to recover the said money and no action taken against the person who signed the cheques or gave instructions for the such unapproved transfers.

Oxymoronictendencies: Surely as a key person in the decision-making process at 1MDB, shouldn't Najib be offering his resignation alongside the board? Or is he somehow absolved from accountability?

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