1MDB switched auditors due to pressure from Najib, says ex-CEO

Kamles Kumar

Former prime minister Najib Razak at the Kuala Lumpur High Court today, which heard that he insisted on closing the 1MDB financial report in 2013 despite KPMG's misgivings. – The Malaysian Insight pic by Kamal Ariffin, September 15, 2020.

PRESSURE from former prime minister Najib Razak led 1Malaysia Development Bhd (1MDB) to change auditors from KPMG to Deloitte after the former refused to sign off on the state investment firm’s 2013 accounts, the Kuala Lumpur High Court heard today. 

Former 1MDB CEO Mohd Hazem Abdul Rahman said KPMG also did not want to sign off on 1MDB’s Brazen Sky investment as the firm was unhappy with the explanations given.

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  • This time around it is harder to claim you know nothing. Jho Low did not pressure the auditor without your knowledge did he? And Jho Low could not have changed the auditor.

    Posted 1 week ago by Loyal Malaysian

  • BSI Singapore was punished for its role in the mismanagement of 1MDB so it has already been found guilty of complicity by the Singapore justice.

    Posted 1 week ago by Malaysia New hope