1MDB report: PAC wants advisory board abolished

KUALA LUMPUR: The Public Accounts Committee (PAC) has called for 1Malaysia Development Berhad (1MDB)’s advisory board to be abolished for better management of the state investment arm.

In a 106-page report tabled in the Dewan Rakyat on Thursday, the committee said the board should be abolished together with Clause 117 in the company.