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'Weak corporate governance' cause of 1MDB's muddled financials

Public Accounts Committee (PAC) chairman Nur Jazlan Mohamed also says panel will be hauling up Jho Low for questioning

 Anita Gabriel

Anita Gabriel

Published Wed, Jul 22, 2015 · 09:50 PM

    Singapore

    THE top executives, directors and auditors of 1Malaysia Development Berhad (1MDB) should be blamed for the state-owned firm's muddled financial state which has turned into a national scandal, said the chief of a Malaysian parliamentary committee.

    "The management, board and the auditors should shoulder a major part of the blame," Public Accounts Committee (PAC) chairman Nur Jazlan Mohamed told The Business Times. "There were weaknesses in the governance and I wish the auditors had played their part to flag issues earlier for corrective action.

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