Lower auditing standards seem to have been applied

Datuk Nur Jazlan Mohamed

PUBLIC Accounts Committee (PAC) chairman Datuk Nur Jazlan Mohamed (pic) is a busy man. On Tuesday, the PAC launched an investigation into the dealings of 1Malaysia Development Bhd (1MDB) to get to the bottom of just what had happened to the cash-strapped strategic investment company.

In a media conference room crammed with 60 reporters, Nur Jazlan said the investigation, which will be closely followed, was to provide a good, professional and objective report on 1MDB’s history since its establishment in 2009.