What specific issues did the Audit Department raise about Finas?

Question

Accepted Answer

Audit Department Identified Issues with Finas Film Funding

The National Audit Department has raised concerns regarding financial leakages and potential corruption within the National Film Development Corporation Malaysia (Finas), particularly in relation to funds disbursed between 2017 and 2021. These findings prompted Communications and Digital Minister Fahmi Fadzil to state that new leadership at Finas will be tasked with addressing these identified problems. The department's report specifically highlighted issues concerning the transfer of funds to recipients, indicating a need for improved oversight and accountability in the allocation of film grants.
Concerns Over Fund Disbursement Practices

The National Audit Department's review focused on how funds were transferred to recipients, with particular attention paid to the period spanning 2017 to 2021. While specific details of the identified leakages and corrupt practices are to be presented to Parliament by the Audit Department, the reprimand signifies significant irregularities in Finas's financial management of film funding. This has led to a call for the appointment of new board members and a chairman to rectify the situation.
Investigation into Corruption and Leakages

Communications and Digital Minister Fahmi Fadzil indicated that while the Finas chief executive officer and their team are currently investigating and attempting to resolve the issues, he plans to request a comprehensive briefing. This session aims to fully understand the extent of the alleged corruption and to ascertain the actions Finas intends to take to address the problems. The objective, as stated by Fahmi, is not to conduct a "witch hunt" but to learn from past mistakes and ensure the optimal use of public funds within the creative film sector.
Importance of Proper Fund Allocation

Finas plays a crucial role in disbursing funds and grants to filmmakers and promoting Malaysian films internationally, with initiatives like the Digital Content Grant (DKD) being a prominent example. Between 2017 and June of the current year, RM180.8 million was allocated through the DKD to industry players for the production of local works. The minister emphasised the importance of ensuring these funds are channelled to the correct recipients to support the local film industry and prevent future misallocations.

Reading history

Hide →

This history is cleared when the page is closed.

What specific issues did the Audit Department raise about Finas?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends