Trial by media benefits no one, says 1MDB board

Trial by media benefits no one, says 1MDB board

PETALING JAYA - A "trial by media" is of no benefit to anyone who is ­genuinely interested in the truth about 1Malaysia Development Bhd (1MDB), said the organisation's directors.

In a statement yesterday, the 1MDB board said recent ­questions posed to it through the media was an attempt to influence public opinion ahead of the Public Accounts Committee (PAC) and the Auditor-General (AG) completing their reviews into its operations.

"It is clear from the selective presentation of facts, lack of supporting evidence and biased reporting that an attempt is being made to shape public opinion," said 1MDB, which is likely to be referring to a business pullout last Saturday on six 1MDB transactions which it described as questionable.

The report added that while ­billionaire Low Taek Jho could have had a hand in dealings, ­ultimately, decisions were made by the board and management.

The report also pointed out the businessman better known as Jho Low did not have the power of approval in the government-owned strategic development company.

The article stated that 1MDB's board had an obligation to ­clarify various issues, and added that the report was to aid PAC in their inquiry today where senior ­management are expected to testify.

1MDB argued that the search for truth must be fact-based and ­conducted by trustworthy, unbiased and impartial parties.

"Accordingly, the board will fully co-operate with and will only reply to questions posed by the bi-partisan PAC, the Auditor-General and relevant regulatory authorities."

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