Why are 1MDB financial statements not tabled in Parliament?

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1MDB Financial Statements Not Tabled in Parliament Due to Ongoing Investigations and Document Seizure

1Malaysia Development Bhd (1MDB) financial statements are not required to be tabled in the Dewan Rakyat, according to Prime Minister and Finance Minister Datuk Seri Najib Razak. This is primarily due to the ongoing police investigation that led to the seizure of crucial documents, hindering the auditing process for financial years after 2014. For audited statements prior to 2015, the relevant parties are directed to consult filings with the Companies Commission of Malaysia (CCM).
Seizure of Documents Impedes Auditing Process

The primary obstacle to the completion and subsequent tabling of 1MDB's financial statements is the seizure of original documents by the police in 2015. Auditors require these original documents to verify financial reports, a process that has become significantly difficult without them. While 1MDB's management has engaged with the police regarding the return of these seized items, no progress has been reported.
Audited Statements Available Up to 2014

Financial statements for 1MDB from its inception in 2009 through to 2014 have been audited and subsequently filed with the Companies Commission of Malaysia (CCM). Najib Razak stated that any entity seeking access to these specific financial records should refer to the documentation held by the CCM. The practice of not tabling these statements in Parliament has been consistent, as affirmed by the Prime Minister.
Ongoing Investigations Delay Post-2014 Audits

Although the police concluded their investigation into 1MDB on September 20, the Attorney-General subsequently instructed further investigations last month. This ongoing inquiry means that the time frame for completing the audits for the 2015 and 2016 financial years, which have commenced based on available information, cannot be determined. 1MDB appointed Parker Randall as its fourth auditor in January, following the departures of Ernst & Young, KPMG, and Deloitte.

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Why are 1MDB financial statements not tabled in Parliament?

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