Ambrin: A-G’s audit found debt-laden 1MDB performed poorly, failed to give requested financial documentsFormer Auditor-General Tan Sri Ambrin Buang is seen at the Kuala Lumpur Court Complex, November 27, 2019. ― Picture by Hari Anggara
“Besides that, the corporate governance of 1MDB was found to be very weak such as non-compliance of instructions and decisions made by the board of directors, as well as major investments that were made without detailed evaluation,” Ambrin, who previously headed the NAD, said today. Ambrin also spoke about how government auditors from NAD were hampered in their efforts while carrying out the audit on 1MDB.
“The period of the audit process on 1MDB took double the time from the usual time taken by NAD for an audit,” he said. Former 1MDB CEO Arul Kanda Kandasamy is pictured at the Kuala Lumpur Court Complex November 27, 2019. ― Picture by Hari Anggara
If the A-G & Malaysians, in general, believe that 1MDB was set up to be an investment& wealth fund then ..... 1MDB WAS CREATED TO BE A CONDUIT FOR STEALING FUNDS OUT OF MALAYSIA!