PAC chairman Wong Kah Woh said the entrepreneur and cooperative development ministry was instead focusing on entrepreneurship development, especially for small- and medium-enterprises, and micro-businesses.

He said the matter had been clarified by the ministry secretary-general Suriani Ahmad when tabling the follow-up action to a PAC report last Nov 11.

“The ministry’s presentation to the PAC was made following recommendations in the PAC report on the development of Air Mobility, which was tabled in the Dewan Rakyat on Nov 28, 2019,” he said in a statement today.

He said PAC was satisfied with the audit of the Malaysian Industry-Government Group for High Technology which found that there was no investment of RM20 million made by its subsidiary VentureTECH Sdn Bhd (VTSB) to develop the flying cars.

“The PAC also found that the VTSB investment agreement document had clearly provided that the RM20 million investment by VTSB could not be used for purposes related to flying cars,” he added.