Show me the money: Dr M tells PAC
“If we can recover the money, then it’s not lost. If we do not see it (the money) then it means it’s lost”
(Bernama) – Prime Minister Tun Dr Mahathir Mohamad today said the RM19.4 billion in revenue from GST collection would only be deemed “not missing” if the funds concerned are recovered.
Asked by reporters to comment on Public Accounts Committee (PAC) chairman Datuk Dr Noraini Ahmad today that the money collected for GST collection was not lost, Mahathir said: “If she says it is not missing, then we want to see where the money is.
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“If we can recover the money, then it’s not lost. If we do not see it (the money) then it means it’s lost,“ he said after chairing Parti Pribumi Bersatu Malaysia’s (Bersatu) supreme leadership council meeting at the Perdana Leadership Foundation here, today.
Noraini was reported to have said the funds were “not lost”, but transferred to the Consolidated Revenue Account and used to finance operating and development expenditure.
The report also said the PAC detected a breach in procedure over the transfer of the RM19.4 billion when it was not transferred to the GST Repayment Fund as per requirement.