1MDB already under investigation, says Arul Kanda

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KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) today reaffirmed its previously stated position, that if any wrongdoing is found pertaining to it, then action must be taken by the lawful authorities, as per due process and the laws of the country.

According to 1MDB in a statement today, it has repeatedly issued clarifications to address allegations made by various parties, including Tun Dr Mahathir Mohamad, Petaling Jaya Utara Member of Parliament Tony Pua and The Edge media group.

“1MDB is fully cooperating with these enquiries. Accordingly, evidence and proof relating to the company have been and will continue to be shared with these lawful authorities,” said President and Group Executive Director, Arul Kanda.

He said this in reference to certain statements attributed to Tony Pua and published online today, questioning why no action had been taken against 1MDB by the lawful authorities.

Arul Kanda said Tony Pua had conveniently ignored highlighting that 1MDB is currently the subject of enquiries by a number of authorities, including the Auditor-General, Bank Negara Malaysia, Royal Malaysian Police and the Public Accounts Committee (PAC).

“The PAC, of which Tony Pua is a member, is the lawful authority to verify allegations such as whether RM42 billion had “disappeared” from 1MDB.

“In the interest of fairness and due process, 1MDB trusts Tony Pua will confirm that the PAC will investigate this specific allegation of ‘RM42 billion missing’, in the same way he is insisting that other allegations against the company are to be investigated,” he added.- BERNAMA