PwC chairman Faiz Azmi and team never had the capacityfor a job like 1MDB
What should have happened the day after the new government in Malaysia took office has finally occurred:
Government agencies with all the powers and infrastructure available to the Prime Minister's Department ought to have been tasked to recover the 1MDB assets the day after the Najib administration lost power. They were not, and instead ill equipped and poorly skilled professional firms like PriceWaterhouseCoopers Malaysiia and others were hired.They have not had much to show despite being appointed almost a year ago, and despite the United States Department Of Justice having done most of the work of discovery,and seizure, in the three or so years prior.
PwC and others should be sacked with immediate effect.Their fees should be subject to a rigorous audit by the National Audit Office.