Grades of Intelligence

Public Accounts Committee (PAC) chairman Hasan Arifin today denied The Wall Street Journal’s report claiming that the Bank Negara letter proves Good Star Limited was owned by tycoon Low Taek Jho, or better known as Jho Low.

Hasan said this was because Bank Negara Malaysia had stated that the information provided to the PAC was ‘intelligence grade’.

“The PAC is not an intelligence body and the information received must be verified and true.

“Because the information was intelligence grade, the PAC cannot include the information (in its final report) as it would contradict our duties and responsibilities, as well as could create prejudice against various parties,” said the Rompin MP in a statement.

He added that Bank Negara had also concluded its investigations on 1MDB and issued an administrative compound, which had been settled.