Malaysia must open a probe into the former boss of 1Malaysia Development Berhad (1MDB), a Malaysian parliamentary committee said on Thursday, after the committee's own investigation found "restrictions and weaknesses" at the troubled wealth fund.
1MDB's board must be abolished, the committee's report also said, and enforcement agencies must investigate former chief executive Datuk Shahrol Azral Ibahim Halmi.
Sharol was the founding managing director and CEO of 1MDB, which was set up in 2009. He remains on the fund's board.
"The PAC is of the opinion that the former CEO of 1MDB Shahrol Azral Ibrahim Halmi has to take responsibility for those restrictions and weaknesses," the parliament's bipartisan Public Accounts Committee (PAC) said in the 106-page report that was tabled Thursday.
"As such, enforcement agencies are asked to investigate Shahrol Azral Ibrahim Halmi and anyone else related."