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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

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"There were weaknesses in the governance and I wish the auditors had played their part to flag issues earlier for corrective action." - Mr Jazlan

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The task force is probing allegations raised in a report in The Wall Street Journal that US$700 million was moved from firms and government agencies linked to 1MDB to personal bank accounts allegedly belonging to Mr Najib back in 2013 as the country was preparing for its most hotly contested general election.

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

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