PAC REPORT The Public Accounts Committee's (PAC) probe into 1MDB found that the sovereign wealth fund had paid RM4.24 billion (about US$1.367 billion) to Aabar Investments PJS Ltd (Aabar Ltd) as security deposits in 2012, without approval of 1MDB's board of directors.

The PAC, however, said 1MDB had not proven that Aabar Ltd is actually linked to Abu Dhabi firm Aabar Investment PJS, or the International Petroleum Investmnet Corp (IPIC).

"As of now, 1MDB has yet to furnish confirmation that Aabar Ltd is a subsidiary of IPIC or Aabar Investment PJS.