MB: Forensic audit on GLCS to continue

Datuk Osman Sapian. -Bernama filepic

ISKANDAR PUTERI: The state government will continue to carry out forensic audit on Johor government-linked companies (GLCs), says Mentri Besar Datuk Osman Sapian.

He said the need was there after scrutinising the financial accounts of these GLCs.

Independent audit firms would be engaged to carry out the financial inspection of these companies’ accounts to determine if there were any leakages in expenditure under the previous government.

Johor Corp (JCorp) and YPJ Holdings have been identified for forensic auditing, said Osman during the winding-up of the Johor 2019 Budget at the State Legislative Assembly in Kota Iskandar here yesterday.

“As an example, JCorp has debts of RM4.16bil. I don't deny that JCorp has contributed significantly to Johoreans in many ways in the likes of Waqaf An-Nur clinics, employment opportunities and affordable houses and many more,” he said. “However, there is still a need to carry out forensic audit to determine if there is any leakage.” — Bernama


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