1MDB: Stop your delaying tactics, Mr. Auditor-General


May 8, 2015

Stop  your delaying tactics Mr. Auditor-General, where is your 1MBD Report?

By RK Anand@www.malaysiakini.com

As the 1Malaysia Development Berhad (1MDB) morass becomes more convoluted, PKR lawmaker Rafizi Ramli turns his attention to Auditor-General Ambrin Buang.

With the latest revelation of Tabung Haji’s deposits being used to purchase government land given to 1MDB at an inflated price, Rafizi said there is no doubt that the firm’s mess has seeped through to other important institutions, known and unknown.

“Tabung Haji now joins the infamous KWAP (pension fund), smeared by their lack of financial common sense and prudence in giving out loans or buying government assets from 1MDB.

“Of course, the biggest fear is whether other institutions, including EPF (Employees Provident Fund) and PNB (Pemodalan Nasional Bhd), have had similar dealings with 1MDB so far.It could be that these institutions are also about to enter transactions with 1MDB – so the best thing for them is to declare that they will not enter into any transactions with 1MDB,” Rafizi told Malaysiakini.

Since the 1MDB issue has ensnared other institutions that form the bedrock of the nation’s economic and social stability, Rafizi said the Auditor-General could no longer drag his feet.

“Without a formal certification of 1MDB’s problem, with a complete diagnosis of its lack of governance, it is difficult to expect the managements of these state institutions with great public interest to stand up and oppose instructions.

“They need something to fall back to when they are penalised for defending public interest.Hence, this it why it is of utmost urgency that the audit by the Auditor-General cannot be delayed, not a single minute more,” he added.

Growing public anger

The PKR Vice-President is dismayed that the auditor-general has not even outlined the expectation of when this would be completed.

“The announcement for the auditor-general to probe 1MDB now runs the risk of being seen as a mere announcement, meant to pacify public anger then, hoping it would go away.

“It has not, and it will continue to grow. But most importantly, we need the Auditor-General (Ambrin, left) to complete the audit in order to prevent more money from flowing into 1MDB.

“If no announcement is made in the next one one or two weeks on the completion of the audit, I expect heated debate on this in next parliamentary session that begins on May 18,” Rafizi added.

On March 4, Prime Minister Najib Abdul Razak had ordered a vetting of the debt-laden firm’s accounts and promised action if financial wrongdoings were detected.

On March 10, Ambrin said the audit has commenced. The 1MDB fiasco is also the most prominent weapon in former Dr Mahathir Mohamad’s arsenal with regard to his campaign for Najib’s ouster.

11 thoughts on “1MDB: Stop your delaying tactics, Mr. Auditor-General

  1. Do your work with some sense of urgency, Mr. Auditor-General and fulfill your public duty. I don’t understand the delay. Is your department so incompetent so that it cannot undertake the audit of !MDB accounts? If it is too complicated for your staff, then you should engage outside help. Anyway, in my view a normal financial audit is not enough. You should undertake a forensic audit. It is time we ensure those who were responsible for this financial fiasco are brought to book.–Din Merican

  2. Mr AG. …it is now 2 months since a directive was issued to you to proceed with the audit on 1MDB. The rakyat have not heard from you nor any progress. …can you please give us an outline or scope of work or audit. Just wonder whether this task is beyond your department to handle. If you need assistance. ..don’t feel shy to ask especially from international auditors or forensic experts. …If you need to pay for the services. ..do so but please don’t take too long. …

  3. Look, you guys can yell, holler and yoddle all you want. Nothing’s gonna change.

    The information will come out in dribs and drabs, but nothing totally and irrefutably incriminating. Whistleblowers will ramp up the pressure to ‘intolerable’ levels. Like the present TH-TRX Snafu. More Jho Lo and Riza ‘Minelli’ to come.

    Next on the agenda, will be the FGV debacle and it’s London ‘hotels’ – while the Settlers are in hovels. I’ve visited the said ‘properties’ and my canine instincts tell me it’s also FUBAR.

    There may be many more – but the quantum is dependent on Jibros level of “Degil” (Stubbornness) and Persuasive Deniability.

    This is the typical UMNO Script. It will play out according to Octo and dPM’s schedule. No One else’s, unless Fat Momma throws a Birkin into the Ring. But even then, it’ll just delay the inevitable a lil bit.

    Jibros is toast. So it’s no point hectoring Ambrin, who should have retired instead of signing the extension. As far as i know, he’s straight – but now finding himself getting progressively squeezed and mashed into the narrower and narrower hole.

    Any questions, especially from my favorite foil – aliefalfa?

  4. “1MDB: Stop your delaying tactics, Mr. Auditor-General”

    C.L. Familiaris,

    Yes indeed.

    “In October 1983, the Dr Mahathir had said that BBMB group’s lending practices in Hong Kong were a ‘heinous crime’.

    On 25th September 1984, the Auditor-General Tan Sri Ahmad Noordin Zakaria had said that “it was not too late to set up a Royal Commission of Inquiry”

    Within less than 4 months…!

    In 1985 it was a success story with the then AG Tan Sri Ahmad Noordin, a Towering Malaysian of impeccable integrity without fear or favour even from Madey then…

    January 8, 1985 (only in NY Times) – http://www.nytimes.com/1985/01/08/business/malaysia-discloses-details-of-bank-scandal.html

    “…If there has been any impact from what I have done to make the Audit Department play a more positive role in public administration, I alone cannot claim credit. The right to find faults and failings in public administration is not exclusive to the Audit Department. Others like the consumer groups, the press and interested individuals who care about public spending have also contributed their efforts to make the ordinary people in Malaysia understand the meaning of accountability of government. Those are the people who make democracy work.

    I share the honor you have given me with the people of Malaysia.”

    1985 Ramon Magsaysay Award – Tan Sri Ahmad Noordin – http://www.rmaf.org.ph/newrmaf/main/awardees/awardee/profile/173

    January 19, 1986 – http://bibliotheca.limkitsiang.com/1986/01/19/why-has-the-general-tan-sri-ahmad-nordin-fallen-go-fast-in-government-esteem/

    Jun 20, 2006 – http://www.malaysiakini.com/letters/52764

    August 11, 2011 – https://mocsarawak.wordpress.com/2011/08/11/trail-that-led-all-the-way-to-the-pm-lorrain-takes-bmf-secret-to-the-grave/

    19 November 2012 – http://www.themalaysianinsider.com/sideviews/article/the-bmf-scandal-revisited-seeking-the-truth-kl-lau#sthash.ET06hJig.dpuf

    Definitely not “achievable” in Bolehland in 2015…!

    Where have all the Towering Malaysians of impeccable integrity gone…?

    You be the judge.

  5. They do not seem to be God-fearing, Dato???
    ___________________
    God is infinitely patient with wrongdoers. But their time will come. History is littered with stories of what happens to tyrants, autocrats and kleptocrats. Look at Saddam Hussein, Ghaddafi, Ben Ali, Mubarak, et.al in recent times.–Din Merican

  6. Isn’t it obvious? The AG audit is a delaying tactic until the wind has blown over. And isn’t obvious too that why Twitter Khalid is using the OSA to silence the whistleblower? Rafixi’s fear that this 1MDB plaque has spread to other agencies is real.

  7. Datuk
    Are you surprised by the delay? No sense of urgency by the AG or is it beyond the AG’s usual mediocre standard of expectation?
    ____________________
    Nothing surprises me anymore. The civil service is rotten to the core. This Auditor-General I am told is going to retire soon that is when his contract ends. If he plays his cards right, he will be rewarded with chairmanships and directorships so that he will remain comfortable in retirement. Even managers and professionals in GLCs are involved. Look at what is happening in Tabung Haji and 1MDB. Everything rots in Boleh Tipu Land. –Din Merican

  8. Not enough of GSTs , Super GSTs, taxi , bus fares & other indirect taxes to cover the 1MDB fraud, NOW TH buying 1.5 acres of land for RM188 Million – its a criminal breach of Trust, cheating extra-ordinaire, IF no proper Valuation done ? Many more to come to bail out 1MDB ?

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