1MDB refers to various statements attributed to YB Tony Pua at a press conference this morning, as reported in various online news portals today. In particular, YB Tony Pua alleges that 1MDB has shared tampered financial statements with banks. Amongst others, he is quoted as saying that such actions by 1MDB would trigger “an event of default”.
It is unclear to 1MDB on what basis YB Tony Pua, a third party who is not a banker to 1MDB – nor privy to the company’s internal dealings, is making such unsubstantiated and damaging allegations against 1MDB. We note that YB Tony Pua has declined to elaborate further on the “valid reasons” behind his statements.
In any event, interaction between 1MDB and its bankers, including confidentiality obligations, are governed by contract and national law. 1MDB highlights that no lender to 1MDB has declared an event of default for the reasons highlighted by YB Tony Pua.
Furthermore, 1MDB’s official financial statements are publicly available at the Companies Commission of Malaysia (CCM) website.Â With a few clicks of a mouse, any concerned party can access the documents for verification purposes.
1MDB regrets that such statements on the company are being made by a third party such as YB Tony Pua and reported as fact on social media and online news websites. Such actions impact the day to day operations of 1MDB, a 100% government owned company, and the implementation of the 1MDB rationalisation plan.
In this regard, 1MDB requests that all parties refer to official statements issued by 1MDB, and its publicly available audited accounts, for factually correct information.