KUALA LUMPUR -The Ministry of Finance cannot determine when 1Malaysia Development Bhd’s (1MDB) reports for its 2015 and 2016 financial years can be completed because of ongoing police investigations.
In a parliamentary written reply dated Nov 16, the Ministry said this was due to the confiscation of several key documents by the police on July 8, 2015.
“On July 8, 2015, the police seized various original documents from 1MDB’s office.
“1MDB’s management has contacted the police regarding the return of the company’s documents, but till today, the original documents haven’t been returned to the company.
Muhyiddin had asked why there was a delay in tabling 1MDB’s financial report in Parliament.
“1MDB’s auditors have begun the auditing process on the 2015 and 2016 financial year based on existing information,” the ministry said.
“But the deadline to complete the audit cannot be ascertained because police investigations are still ongoing,” it added.
The ministry also said it wasn’t necessary for 1MDB’s financial reports to be tabled in Parliament as they could be publicly accessed at the Companies Commission of Malaysia (SSM).
“The financial reports are audited documents that were filed with the SSM … 1MDB’s financial reports from 2009 to 2014 can be downloaded at SSM’s website.
“It has never been necessary to table 1MDB’s financial report in the Dewan Rakyat,” the ministry said.
In January, 1MDB announced the appointment of Parker Randall as its auditor.
Parker Randall is an international auditing firm and was the fourth auditor to be appointed, the previous ones being Ernst & Young, KPMG, and Deloitte Touche Tohmatsu Ltd.