SINGAPORE (Nov 5): Describing the audit of 1Malaysia Development Bhd (1MDB) as the most challenging task in his over 10 years of service as the country’s auditor-general, Ambrin Buang called the strategic investment firm a “disgrace”.

Ambrin, the auditor-general from February 2006 to February 2017, made this statement on Oct 30 when addressing auditing professionals at the Asian Confederation of Institutes of Internal Auditors Conference 2018, where he posed this question to the floor: Is 1MDB a scandal or a wrong business model?

“Whether it’s a scandal or a wrong business model, you can’t run away from the question of who is to blame. If it is a scandal, let the criminal investigators prove it in court.

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