PAC denies report Jho Low owner of Good Star Ltd

PETALING JAYA: Public Accounts Committee (PAC) chairman Datuk Hasan Arifin (pic) has denied that Malaysian financier Low Taek Jho is the owner of Good Star Limited.

The Wall Street Journal previously revealed a confidential letter from Bank Negara to Hasan implicating Low, or Jho Low, as the owner of Good Star Limited.

“This is because Bank Negara has said that the information provided is (for) intelligence (purposes). PAC is not an investigative body and the information it receives has to be authentic and true.

“As the information received by the PAC is classified as intelligence, PAC is unable to incorporate the information provided as it would be in conflict with its duties and responsibilities and raise prejudices against various parties,” Hasan said in a statement on Saturday.

“Apart from that, Bank Negara itself said the investigation into 1MDB is completed and the firm has been issued with an administrative compound.

“PAC has also presented its report to Parliament, and the matter has been resolved and should not be politicised,” the statement said.