1MDB: Wait for outcome of PAC and Auditor-General's reviews

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KUALA LUMPUR (May 18): 1Malaysia Development Bhd (1MDB)'s board of directors claims there is an attempt being made to shape public opinion based on "selective presentation of facts, lack of supporting evidence and biased reporting" ahead of the completion of reviews by the Public Accounts Committee (PAC) and Auditor-General.

In a statement today, the state-owned strategic investment firm said a "trial by media" is of no benefit to any party who is genuinely interested in the truth.

"Accordingly, the board will fully co-operate with and will only reply to questions posed by the bi-partisan PAC, the Auditor-General and relevant regulatory authorities.

"In the meantime, the Board requests all parties to respect the review process being led by the Auditor-General (as directed by the Cabinet) and to await the outcome of PAC hearings which commence this week," it said.