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1MDB Denies Getting Many Requests From Samad

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KUALA LUMPUR – 1Malaysia Deve­lopment Bhd (1MDB) has denied receiving “repeated requests” for information from former board of advisers member Tan Sri Dr Abdul Samad Alias.

Instead, it said the company’s top executive met him twice to discuss company affairs.

In a statement issued yesterday, it said 1MDB president and group executive director Arul Kanda Kandasamy met Dr Abdul Samad twice in January and March, where details of its strategic review and rationalisation plan were shared.

This included a slide presentation that showed the extent of future debt and interest obligations of the company, and a discussion on proposals to address the key issues facing the company.

Dr Abdul Samad resigned as 1MDB advisory board member after claiming that months of repeated requests for a briefing on 1MDB affairs were not entertained.

It was reported that he said he had requested a briefing on 1MDB’s affairs, particularly on its profits and losses, and claimed he never was given access to the figures.

He said he tendered his resignation on July 29.

On the statement by CIMB Group chairman Datuk Seri Nazir Razak, who raised concerns over Dr Abdul Samad’s allegation, 1MDB said Nazir had no direct knowledge of the facts and his opinion was speculative.

Nazir had questioned the message that would be sent to other government-linked companies and agencies if Dr Abdul Samad’s allegation was true.

1MDB, however, said its audited finance reports were publicly ­available documents and could definitely have been shared with Dr Abdul Samad if he had made a request.

It said Dr Abdul Samad had the contact details of 1MDB board members, including the mobile phone number of Arul Kanda. – The Star


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