Tuesday, 11 May 2021 01:45 PM MYTDamansara MP Tony Pua said despite an apparently clear case against KPMG for failing its audit duties, the multinational audit firm has refused to arrive at a settlement with the government.
He added that this includes at least US$700 million that was allegedly siphoned to fugitive businessman Jho Low’s company, Good Star Limited. The Damansara MP further claimed things were made worse as KPMG did not require PSI to provide any financial statement or records to demonstrate that it was able to fulfil its guarantee, in the event of default.
Nonetheless Pua commended the government for finally filing the 21 suits against various parties yesterday, via 1MDB and its former subsidiary SRC International Sdn Bhd.
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