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1MDB Already Under Investigation: Arul Kanda

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KUALA LUMPUR: 1Malaysia Development Berhad (1MDB) chief executive Arul Kanda Kandasamy pointed out today that the state-owned firm is already under investigation, after DAP MP Tony Pua issued yet another call on the authorities to probe the firm for impropriety.

Referring to Pua’s latest statement on the issue, Arul says that Pua has “conveniently ignored to highlight that 1MDB is currently the subject of enquiries by a number of authorities, including the Auditor-General, Bank Negara Malaysia, PDRM, and last but not least the Public Accounts Committee (PAC), a committee that YB Tony Pua himself is a member of.  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.

Furthermore, 1MDB has repeatedly issued clarifications to address allegations made by various parties, including Tun Dr. Mahathir Mohamad, YB Tony Pua, and The Edge media group.

The PAC, of which YB Tony Pua is a member of, is the lawful authority to verify allegations such as whether RM42 billion has ‘disappeared’ from 1MDB.  In the interest of fairness and due process, 1MDB trusts that YB 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 1MDB are to be investigated.

1MDB reaffirms its previously stated position that if any wrongdoing is found, then action must be taken by the lawful authorities, as per due process and the laws of our country.”

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