1MDB lawsuit: MP says GLCs should terminate KPMG

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Following a breakdown in negotiations over settlement for its role in the 1MDB scandal, Damansara MP Tony Pua said the government should remove KPMG Malaysia as an auditor in any company where the government has direct shareholder control.In addition, he said KPMG should be excluded from participating in government tenders until a lawsuit over the matter has been resolved.This was because it has become clear KPMG is unwilling to accept the government’s demands, Pua (above) said, unlike another former 1MDB auditor Deloitte that has agreed to pay the government RM324 million in compensation. “The failure for an auditor to exercise professionalism in their duties to protect Malaysian taxpayers is an extremely serious matter.“An example must be set to ensure no other auditor of the government entities will ever behave in the same way which contributed to making Malaysia the world’…