Malaysiakini News

1MDB committee’s probe may take more than 100 days

Bernama  |  Published:  |  Modified:

The committee tasked with investigating 1MDB may take longer than 100 days to complete its job.

Its chairperson, former attorney-general Abu Talib Othman said that the committee had met officials from the Finance Ministry, Audit Department and Securities Commission to discuss matters and exchange views.

"God knows how long it (the investigation) would take. Our committee is only a coordinating investigative team... So, we have to consolidate our action to avoid overlapping investigations.

"It can be short, it can be longer. It depends on the complexity of the matter under investigation," he told reporters after the committee met here, today.

Abu Talib said it was too early for the 1MDB investigation committee to make any comment, as it was now in the phase of exchanging information between all related parties.

Read more: 1MDB special committee given briefing on declassified report

"We are exchanging information (at the moment).. that’s all. Our committee is trying to coordinate how best we can resolve the matter as soon as possible," he added.

Set up by the Council of Eminent Persons, other members of the committee include PwC Malaysia's Nik Shahrizal Sulaiman, Naqiz & Partners' Syed Naqiz Shahabuddin Syed Abdul Jabbar, Otoritas Jasa Keuangan Indonesia's Faris Rabidin, and the Centre to Combat Corruption and Cronyism's Cynthia Gabriel.

The primary focus of the committee is to ensure that Malaysia is able to secure convictions on all the wrongdoings related to 1MDB and to maximise the recovery of all assets traceable to 1MDB.

Meanwhile, the special taskforce investigating 1MDB is jointly led by former attorney-general Abdul Gani Patail, former MACC chief Abu Kassim Mohamed, current MACC chief Mohd Shukri Abdull, and former Special Branch deputy director Abdul Hamid Bador.

- Bernama

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