Dr M blamed for controversy surrounding 1MDB

(The Sun Daily) – 1Malaysia Development Bhd (1MDB) president Arul Kanda Kandasamy blames Tun Dr Mahathir Mohamad for making the government investment arm to be extremely controversial.

“The biggest issue was when Dr Mahathir started his allegation of RM42 billion missing.

“When Mahathir and those previously aligned to the government started their criticism, that’s when this matter became extremely controversial,” Arul Kanda told a press conference at Royale Chulan hotel here today.

Arul added before Mahathir’s remark, the company also had received criticism, especially from the opposition.

“The controversy of 1MDB has always been there since day one, from 2010, where (Tony) Pua has been raising one issue after another.

“But much to his disappointment, nobody really give attention to him on this and I guess that’s why he challenged me and wanting me to respond,” Arul said.

He added the turning point that makes the company controversial was during the announcement of RM665 million lost, as well as the company’s repayment of the RM2 billion loan to consortium of local banks.

Arul added he will not respond to any political controversies that are related to 1MDB.

“I am not a politician. Political questions should be directed to politicians. I can answer questions related to 1MDB, that is my responsibility and my job.

“Whatever that is happening on political front does impact us, and it makes it difficult for us when negotiating,” Arul said.