1MDB board of directors offers to resign after PAC report

The  board of directors of 1Malaysia Development Bhd (1MDB) had on Thursday morning collectively decided to offer its resignation to MoF Inc., which is the 100% shareholder. The board said on Thursday this had been a difficult decision to take but “we believe is the right thing to do, given the circumstances, in order to…

Don’t doubt PAC’s 1MDB investigations, Nur Jazlan tells critics

The Public Accounts Committee (PAC) has urged critics to refrain from making accusations and comments about its ongoing investigation into 1Malaysia Development Bhd (1MDB), following a prominent blogger’s suggestion that the probe could fall victim to sabotage. PAC chairman, Datuk Nur Jazlan Mohamed said that all parties, including bloggers, should not doubt the committee’s probe…

PAC not to touch 1MDB, says chairman

Since an international audit firm has already cleared 1Malaysia Development Berhad’s (1MDB) financial dealings, the Parliamentary Public Accounts Committee (PAC) will not touch the government-link company (GLC). Athi Shankar of Free Malaysia Today has this report – PAC chairman says since an international audit firm has already given 1MDB the thumbs up, PAC has no…