AG’s Preliminary Report found no wrongdoing in 1MDB: Husni

(Bernama) — The preliminary report by the Auditor General investigating 1Malaysia Development Bhd’s (1MDB) activities has found no evidence of wrongdoing, said Minister of Finance II Datuk Seri Ahmad Husni Hanadzlah.

“Therefore the reckless allegations by some parties including the “disappearance” of RM42 billion and transfer of US$700 million to a certain individual does not arise,” the second finance minister said in a statement here today.

Husni said the focus is now on the rationalisation plan, with the government committed to resolving the issues pertaining to 1MDB’s debt.

The definitive aim of the rationalisation plan is to rebalance 1MDB’s asset and debt in order to support its financial structure that will ensure its sustainability going forward, he added.

“It is my hope that all baseless allegations will be put to rest. We have to remain patient, and we look forward to the final report by the AG and the Public Accounts Committee (PAC),” Husni said.