1MDB denies claims of tampering with financial statements

1MDB denies claims of tampering with financial statements

PETALING JAYA - The 1Malaysia Development Board (1MDB) denies claims it tampered with financial statements provided to banks.

1MDB in a statement said it regretted the allegations by Petaling Jaya Utara MP Tony Pua who was quoted as saying the actions by the state investor could trigger "an event of default".

They pointed out that Pua's statements on the company were reported as fact on social media and online news website.

"Such actions impact the day to day operations of 1MDB, a 100 per cent government owned company, and the implementation of the 1MDB rationalisation plan."

It urged all parties to refer to official statements issued by the company and its publicly available audited accounts for factually correct information.

Yesterday, Pua expressed concern about the company's latest audited financial statements for March 2014 provided to banks, which he claimed was different from the copy extracted from the Companies Commission of Malaysia (CCM).

1MDB said it was unclear on what basis Pua was making the unsubstantiated and damaging allegations against the board.

The board pointed out all interaction between 1MDB and its bankers, including confidentiality obligations, are governed by contract and national law.

1MDB added that none of its lenders had declared an event of default for the reasons highlighted by Pua.

In a separate statement Datuk Seri Ahmad Husni Hanadzlah has called for an end to the "baseless" allegations against 1MDB as the preliminary report on its accounts has found "no evidence" of wrongdoing.

"Therefore the reckless allegations by some parties, including the 'disappearance' of RM42bil (S$15 billion) and transfer of US$700mil to certain individuals, do not arise.

Last Thursday, the PAC was presented with the A-G's interim report on 1MDB, but the committee's chairman Datuk Nur Jazlan Mohamed had said it was "premature" to tell whether there was any discrepancy or wrongdoing.

The committee, he said, was satisfied with the way the investigation was carried out.

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