1MDB hits out at 'recycled allegations'

1MDB hits out at 'recycled allegations'
Arul Kanda, president and group executive director of Malaysia's state investor 1Malaysia Development Bhd (1MDB).
PHOTO: Reuters

PETALING JAYA - Petaling Jaya Utara MP Tony Pua has been recycling various allegations against 1Malaysia Development Bhd which have been answered through ­various press announcements, said 1MDB president and group executive director Arul Kanda Kandasamy.

Arul Kanda said 1MDB had already responded to the allegations made by Pua through 48 press announcements since January this year.

He was responding to Pua's statement asking Arul Kanda to prove his claim that 1MDB was an "open book" and to answer whether the state investment fund transferred nearly US$1.2bil (S$1.69 b) to Gold Star Limited, a company controlled by businessman Jho Low.

In a statement yesterday, Arul Kanda said the Auditor-General presented an interim report to the Public Accounts Committee (of which Pua is a member) early last month answering many of the questions raised.

He added that the PAC would issue its final report on 1MDB by the end of the year.

1MDB is currently being investigated by Bank Negara, the Malaysian Anti-Corruption Commission, the police, the Attorney General's Chambers, the Auditor-General and PAC.

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