No reason why auditor-general’s report still cloaked in secrecy

The classification of the auditor-general’s report on 1Malaysia Development Bhd (1MDB) under the Official Secrets Act 1972 (OSA) has raised suspicions something is not right with its findings.

“This cloak of secrecy around the auditor-general’s report presents a new set of suspicions over the real workings and machinations of 1MDB,” Centre to Combat Corruption and Cronyism (C4) director Cynthia Gabriel told Malaysiakini.

“(Now) it looks like there is really something to hide.”

Cynthia was commenting on the auditor-general’s report which is still classified under the OSA despite Public Accounts Committee (PAC) chief Hasan Arifin who had, in March, said that the report would be declassified once PAC’s own report on 1MDB is tabled in Parliament.

PAC’s report on 1MDB was tabled in Parliament last Thursday, which was the last day of the parliamentary session.

Cynthia, meanwhile, stressed that the auditor-general’s report should not have been classified in the first place because it had breached the “normal pattern”.

The auditor-general, she pointed out, normally presents his findings to Parliament which will then be debated by lawmakers.

“There is no understandable reason why it should be classified as an official secret. It is only through the auditor-general’s findings that the public can have an opinion on what actually transpired,” she said.

Urging for the report to be declassified immediately, Cynthia also wants to know whether the auditor-general had received instructions to classify the report or otherwise.

“This is because normally his reports are never classified under the OSA, so why make an exception with the 1MDB report?”

Although the PAC had tabled its report, Cynthia said the auditor-general’s report was different.

“Even the PAC depends on the auditor-general for his own findings in order to make their informed opinion. It’s imperative that Parliament must (also) have access to the auditor-general’s report,” she said.

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No reason why auditor-general’s report still cloaked in secrecy
16 April 2016 – malaysiakini

TI-M wants A-G’s report on 1MDB tabled in Parliament

Its president Akhbar Satar also wants a Royal Commission of Inquiry set up, and forensic auditing conducted on 1MDB.

PETALING JAYA: Transparency International Malaysia (TI-M) has urged that the Auditor-General’s (A-G) Report on 1Malaysia Development Berhad be declassified, tabled in Parliament and made public soon.

Its President Akhbar Satar in a statement today, also called for a Royal Commission of Inquiry to be set up to look into 1MDB’s financial discrepancies and urged for the company to engage forensic accountants to conduct a forensic investigation on whether there were any other irregularities and mismanagement.

“The purpose of the A-G’s office is to serve the interests of the public. The Federal Constitution and the Audit Act 1957 provide that the Auditor-General shall submit his reports to the Yang Di-Pertuan Agong, who shall cause them to be laid before the House of Representatives. This is constitutionally what is provided for and there should be no blockage or excuse preventing the rakyat from seeing the full A-G’s Report. There should be nothing to hide,” Akhbar said.

He added that the findings by the Public Accounts Committee (PAC) had raised even more questions on how the funds were ultimately used.

Akhbar lamented the lack of diligence on the part of 1MDB’s Board of Directors, the company’s management as well as its Advisory Board, saying all three had failed to adhere to good corporate governance practices in the business decision making process.

“These are not private equity funds, this is a government controlled entity with reputable and seasoned personalities on the Board and an Advisory Board chaired by the Prime Minister himself, entrusted with government funds and loans financially backed by the government,” he said, adding that this meant it was the people’s hard earned tax money which was at stake or alternatively, the nation’s assets, that would will be used in the event a bailout was required.

“Where was the risk analysis report? Where was the internal audit monitoring? It is reasonable to expect that such high value assets or highly geared government entities should be managed by a team of qualified persons of high integrity and responsibility who practice transparent and good corporate governance principles,” Akhbar said.

He said the next step would be to find out where the billions reported missing from 1MDB, had actually ended up.

The authorities should also look into, and if need be, take appropriate action against any officer, employee or parties that committed malpractices in 1MDB while in office, Akhbar said.

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TI-M wants A-G’s report on 1MDB tabled in Parliament
April 11, 2016 – FMT

No excuse to keep AG’s report on 1MDB probe a secret, says Ku Li

KUALA LUMPUR (May 14): Umno veteran Tengku Razaleigh Hamzah has repeated his call for the Auditor-General’s report (AG’s report) on its investigation of 1Malaysia Development Bhd (1MDB) be urgently declassified before the Dewan Rakyat resumes on Monday (May 16).

His renewed call came in a statement today following reports that there has been unlawful deletions to the Public Accounts Committe’s Report that is to be tabled in Parliament, and his concern that the integrity and standing of the Dewan Rakyat in the eyes of the public may now be at stake.

“The deletions are about a subject matter of importance and controversy in respect of the unlawful movements of money that 1MDB had purportedly borrowed from international creditors,” he said.

“In view of the deletions, I am concerned whether the report that is going to be presented to the Dewan Rakyat is a report that can stand up to the public concerns in respect of the purported loans that 1MDB claims to have made on behalf of the nation. The deletions will be considered not only as unlawful but also a serious breach of the Houses of Parliament (Privileges and Powers) 1952, Section 9(i), (j) and (n)(iii),” the Gua Musang MP added.

He also noted that the Houses of Parliament (Privileges and Powers) Act 1952 is intended to protect the integrity and reputation of the Dewan Rakyat so that the people of Malaysia will have confidence in the Dewan Rakyat as a constitutional institution to protect their interests.

“A breach of the sections that I have referred to, which deals with the tampering, misrepresentation and falsification of the documents presented to the Dewan Rakyat, is precisely the kind of actions which fall within the offences under the act.

“What it means is whatever deletions that have been made can cause apprehension among members of the public that the Report cannot, in the circumstances, reflect the entire truth of the facts surronding the 1MDB issue,” he added.

In March 2015, the Cabinet had ordered a review of 1MDB’s accounts by the National Audit Department following widespread reports of financial irregularities at the state-owned strategic investment fund, with the outcome to be handed over to the PAC to facilitate the latter’s own probe on the fund.

PAC’s report on its 1MDB probe was distributed last month to lawmakers at the start of the current Parliamentary sitting in early March this year, while the AG’s report was announced as classified under the Official Secrets Act.

…more
No excuse to keep AG’s report on 1MDB probe a secret, says Ku Li
May 14, 2016 – theedgemarkets.com



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All that is necessary
for the triumph of evil
is for good men
to do nothing.

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When the people
fears their government,
there is TYRANNY;
when the government
fears the people,
there is LIBERTY.

- Thomas Jefferson
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