PAC member surprised such large transactions could escape Bank negara’s scrutiny

PETALING JAYA: A Public Accounts Committee member from PKR finds the 1MDB money trail story published in the Wall Street Journal and Sarawak Report unbelievable.

Datuk Kamarul Baharin Abbas said no company would secretly transfer a whopping US$ 700mil (RM2.6bil) to the accounts of one individual.

“Such a large amount of money pumped into a personal account would certainly not go undetected,” he said.

“Bank Negara would be aware of such transactions,” he said, adding the Wall Street Journal and whistleblower site Sarawak Report must show evidence to substantiate their claims.

“The PAC has not received any report on the 1MDB money trail involving such large sum. But then, we have not reached that stage of the investigation.”

Kamarul Baharin, who is one of the 13 PAC members investigating controversies surrounding 1MDB, said the panel would not rely on media reports and unverified claims on the Internet but on facts and figures.

Another PAC member Liang Teck Meng from Gerakan assured that they would carry out investigations without fear or favour into the 1MDB dealings.

However, the investigations would only be carried out after obtaining the Auditor General’s report next Thursday.

“We cannot simply base our investigation based on KPMG and Deloitte audit reports.

“The AG report will be the official document which we will refer to. But the public can rest assured that we will carry out a thorough investigation.

“I advised the public not to simply jump to conclusions over unverified information circulating on social media,” said the Simpang Renggam MP.