COMMENT Now that the Public Accounts Committee (PAC) has given the greenlight for the authorities to investigate "weaknesses" and "constraints" in 1Malaysia Development Bhd (1MDB), it is time for the Malaysian Anti-Corruption Commission (MACC) and the Commercial Crimes Investigations Division of the police force to pounce upon the company's management.
"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," the PAC's report on 1MDB said in urging the authorities to take action.
In a statement to the media later, PAC chairperson Hasan Ariffin said the report must be studied in detail and followed up with investigations by enforcement authorities...