Finance Ministry respects PAC recommendations, says Guan Eng | Malay Mail

Finance Minister Lim Guan Eng said the Finance Ministry respects the two main recommendations of the PAC that the violation of the laws and non-compliance of regulations on the repayment of GST should not recur. — Picture by Yusof Mat Isa

Finance Minister Lim Guan Eng in a statement today on the PAC report, said the report confirmed that there were several non-compliances in the repayment of GST by the previous government. The GST collection was instead channeled directly into a consolidated revenue account which according to the Attorney-General infringed the basic principle of trust and trust accounting requirement and it is not in line with the provisions of Section 54 and Section 54 of the GST Act 2014, he said.

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Guan Eng: Neither I nor Finance Ministry ordered seizure of RM1bil from CPP’s bank accountsKUALA LUMPUR: The Finance Ministry did not issue any instructions to seize more than RM1bil in funds from state-owned China Petroleum Pipeline Engineering Ltd (CPP), says Lim Guan Eng.
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