Malaysia's 1MDB says upcoming hearings with PAC postponed

[KUALA LUMPUR] Malaysia's debt-laden state fund 1Malaysia Development Bhd (1MDB) said on Monday that upcoming hearings with the Public Accounts Committee (PAC) have been postponed after a notification by the finance ministry.

PAC hearings on August 4, 5, 6, 17 and 18, as well as Sept 8 and 10 will be rescheduled to dates to be determined later, 1MDB said in a statement.

PAC is leading one of three official investigations into the fund. A Malaysian parliamentary investigation into a graft scandal at 1MDB embroiling Prime Minister Najib Razak has been put on hold after the man overseeing the investigation, PAC chairman Nur Jazlan Mohamed, was appointed a new deputy home minister on July 29.

REUTERS