Cover image via SAYS
PAC tabled a 106-page parliamentary report on 1MDB in the Dewan Rakyat yesterday, 7 April. It highlighted how 1MDB's board of directors have failed to ensure that the fund's management complied with good accounting practices.
Image via 1MDB
Just hours after the report was released, the executive board of 1MDB offered their resignations.
However, the critics are still demanding for more clarity and answers on the issue, due to these reasons:
1. American English daily, Wall Street Journal (WSJ) claims that PAC's report "made no mention of Prime Minister Najib Razak" despite him being at the centre of this political scandal
Image via Reuters
2. "It's all planned that way, so we could attribute blame on (1MDB board) but exonerate the prime minister. It means nothing," former law and cabinet minister Zaid Ibrahim said.
Image via Datuk Zaid Ibrahim Facebook
Zaid Ibrahim wrote on his [blog](http://www.zaid.my/current/where-is-our-closure/) that Malaysians are far from getting any closure from this report.
**"How can anyone expect the truth to be known if the man who is the sole shareholder, sole signatory, Finance Minister and Prime Minister all at the same time doesn't say anything about what happened in 1MDB?," he wrote on his blog.**
Meanwhile, according to [Malay Mail Online](http://www.themalaymailonline.com/malaysia/article/perkasa-again-demands-rci-after-finding-pacs-1mdb-report-lacking), Perkasa's Azrul Akmal Saharudin also questioned why the PAC had recommended that the advisory board of the 1MDB, chaired by Najib, to be abolished yet failed to explain the role of the board in the controversy.
3. 1MDB's debt have been increasing since 2009, despite Najib's promise that he will resolve 1MDB's debts and all the scandals surrounding it
Last June, Najib made a promise to about 1,500 UMNO division information chiefs and NGO representatives during a closed-door briefing that he will resolve 1MDB's problems before the year ends.
Earlier this year, he also said that the state investment firm has settled the "overwhelming majority" of its debts with asset sales.
**However, once again, critics are skeptical as the PAC's report revealed that 1MDB had racked up RM50 billion in debt as of January 2016, an increase from the value of debt at RM42 billion in March 2014.**
Image via Zunar
4. 1MDB's auditors were sacked after requesting for additional documents to evaluate some of its investments
Image via Free Malaysia Today
5. The PAC confirmed that 1MDB made over USD3.5 billion of payments to 'Aabar Investment PJS Ltd', a dubious company with very little background information
**The PAC's probe found that 1MDB had made a payment of about RM4.24 billion (about USD1.367 billion), without the approval of 1MDB's board of directors, to a company called 'Aabar Investments PJS Ltd '(Aabar Ltd) as security deposits in 2012.**
However, PAC said that 1MDB had not proven that the company, which has a name closely resembling Aabar Investments PJS, is a subsidiary of Abu Dhabi's International Petroleum Investment Co. (IPIC).
6. The Auditor-General's (A-G) findings were not included in the PAC report at the last minute because it is filed under the Official Secrets Act (OSA)
Opposition MPs argued that the findings were a crucial part of the 1MDB controversy and should be included in debates on PAC's report.
**The A-G failed did not respond when asked if the report would be declassified, or why it was not released along with the PAC report on 1MDB.**
