KUALA LUMPUR: The long-awaited Governance Management Control Report on 1Malaysia Development Bhd (1MDB) by the Public Accounts Committee (PAC) is set to be tabled in the Dewan Rakyat today
On Tuesday, PAC deputy chairman Dr Tan Seng Giaw said the report had been completed.
The PAC began its investigations into 1MDB on May 19 last year.
The committee sought to look at 1MDB’s governance control management since it was incorporated in 2009, after the Terengganu Investment Authority state fund was turned into a federal agency.
1MDB, wholly-owned by the government, was set up as a strategic development company with a vision to catalyse and stimulate foreign direct investments, as well as to do things differently for the government.
– BERNAMA