KUALA LUMPUR, Aug 4, 2015:
The Public Accounts Committee (PAC) will deliberate to release a brief interim report on the 1Malaysia Development Bhd (1MDB) proceedings after being barred from holding the proceedings.
In confirming that the 1MDB hearing has been suspended, PAC deputy chairman Dr Tan Seng Giaw said the PAC will meet to discuss legal possibilities of releasing some of the findings that they had made so far.
Tan reassured that the PAC will deliberate on the matter because the “people want to know 1MDB’s debt and capital and if they can pay off their debts”.
“We will do it carefully and in accordance to the law. We will have to go through each detail of the report and make sure it isn’t against any law for it to be released.
“If we release too much information it could affect the final report so we have to be really careful with it,” he said during a press conference at a corridor in the temporary Parliament building here today.
As such the Kepong MP said before the decision to release the report is made, a meeting must be held first.
“A meeting will be called and we will propose it and as long as the quorum agrees we can proceed with the brief interim report.
“We will release the report to Parliament.”
He said an order was received by PAC, from the Parliament secretary, who is also the secretary of PAC to suspend the hearing despite standing orders preventing such occurrences.
“Parliamentary Standing order 77 (3) clearly proves this.
“This rule is designed to overcome any political whirlwind so that we can still function no matter what.”
Tan’s response came after 1MDB’s former chief executive officer Datuk Shahrol Azral Ibrahim Halmi was slated to face PAC today.
Below is the video of the press conference: