Press Release

Date: 
04-04-2016
One Trick Pony
One Trick Pony

1MDB notes a statement issued this morning by YB Tony Pua. Sadly though, true to form, YB Tony Pua is a one trick pony, who can only recycle old and stale allegations.

1MDB has previously clarified the purpose behind the USD1.4 billion deposit paid to Aabar. In fact, the purpose is described in clear and transparent terms in note 24 (a), page 96 of the 1MDB financial statements dated 31.03.2013 and note 23 (a), page 101 of the 1MDB audited financial statements dated 31.03.2014.

More importantly, for all major payments made by the company, 1MDB has provided detailed explanations along with supporting documentary evidence to the Auditor General's Department. In addition, 1MDB thoroughly explained all its major transactions at the recent Public Accounts Committee (PAC) proceedings. YB Tony Pua is a member of the PAC and he not only has the requisite information but in fact, had the opportunity to ask for more information during the proceedings.

YB Tony Pua, therefore, clearly has selective amnesia at best, or at worst, is once again up to his old tricks, to recycle allegations, ask questions to which he already knows the answers to and seek to confuse and mislead the public.