FANCY having an account that dates back to 1941?

The Insolvency Department has five such accounts. The deposit accounts have a balance of RM967 million.

The money dates back to before Independence, the period between 1941 and 2007.

"The department has to identify the actual status of the balance in these accounts and take immediate action to update these accounts," said Auditor-General Tan Sri Ambrin Buang.

"His is important if there have been winding-up or bankruptcy cases that have since been resolved, especially since there have been deposits held by this department for the past 67 years.
"This was also reported in the 2006 Auditor-General report."

The Prime Minister's Department replied that the Insolvency Department is currently working on identifying the actual positions of deposit accounts.