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Arul Kanda: 1MDB Only Receive PAC’s Invitation on May 21st

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KUALA LUMPUR: Amid reports that top officials of 1Malaysia Development Bhd (1MDB) are delaying their appearance before the Public Accounts Committee (PAC), the firm’s president and group executive director Arul Kanda Kandasamy clarifies that the invitation from PAC to appear before the committee today was only received on May 21.

“Contrary to recent press reports and statements by certain individuals, we wish to clarify that it was only on 21 May 2015 that 1MDB received a letter from the Ministry of Finance, appending an invitation sent by the PAC,” the statement said.

This invitation, which was addressed to the Ministry of Finance, requested an appearance by the company before the committee on 26 May 2015.

Upon receiving this letter, 1MDB responded to the Ministry of Finance on 21 May 2015, the same day the company received the invitation.

As confirmed by YB Nur Jazlan, Chairman of the PAC, the date for this appearance is currently being finalised, due to the date proposed earlier being in conflict with previously scheduled overseas commitments.

“We once again reiterate our intention to extend our full cooperation to the PAC and both Arul Kanda and Datuk Shahrol Halmi look forward to appearing before the committee and having the opportunity to clarify 1MDB’s position.”

The bi-partisan PAC is conducting an inquiry into the debt and cashflow problems of 1MDB, which has accumulated RM42 billion debts in just five years.

It started its probe last Tuesday (May 19) when it summoned two senior government officials – Treasury Secretary-General Tan Sri Mohd Irwan Serigar Abdullah, also a 1MDB advisory board member and, Economic Planning Unit director-general Datuk Seri Dr Rahamat Bivi Yusoff.

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