1MDB: Pua undermining investigations
Government investment arm accuses DAP man of using selective facts to score political points
(Free Malaysia Today) – The government’s investment arm, 1Malaysia Development Bhd, has accused its most vocal critic, the DAP’s Tony Pua, of using selective information to undermine investigations by the Auditor-General and hearing by parliament’s watchdog by misleading the public to score political points.
The company said it had submitted “authentic company documents” including board minutes to the police and the Auditor-General for their investigations, and pointed out that the Auditor-General’s findings would be presented to the Public Accounts Committee.
Pua, who is the MP for Petaling Jaya Utara, is a member of the committee, which is parliament’s watchdog on government spending.
1MDB dismissed Pua’s latest allegations, which were based on articles by the Sarawak Report blog relying on what it said were leaked copies of board minutes.
Sarawak Report had said directors had queried 1MDB management about a US$1 billion investment in a joint venture with PetroSaudi International, and that they were not consulted about a change of plans to remit US$700 million to PetroSaudi, and asked for it to be returned. They were also not informed of “the sudden change of joint account” from the Swiss bank BSI to JP Morgan, that the original plan was for the full US$1 billion investment to be wired to the joint account in the name of the joint-venture company and the joint-venture board would take the decision to remit the US$700 million to PetroSaudi.
