Media statement by 1Malaysia Development Berhad
Issued on 14 October 2015
For immediate publication
Walk the Talk, YB Tony Pua
1MDB refers to a statement issued on 14 October 2015 by YB Tony Pua which, in typical “instant expert” style, is long on rhetoric but short on facts.
The facts are as presented by the Attorney-General’s Chambers (AGC), via a clear and unambiguous statement issued on 13 October 2015 (www.agc.gov.my). In summary, the AGC, having reviewed all relevant documentation contained in the Bank Negara Malaysia (BNM) investigation papers (including the application forms submitted by 1MDB and the relevant BNM letters issued), applied the relevant laws governing such matters and confirmed that “no offence had been committed” by 1MDB.
This confirmation by the AGC reinforces the statement by the Malaysian Anti-Corruption Commission (MACC) on 22 September 2015 that 1MDB is not under investigation.
1MDB continues to work closely with National Audit Department to provide requisite information for its final report, which will be presented by year end to the bi-partisan Public Accounts Committee (PAC), of which YB Tony Pua is a member.
YB Tony Pua claims his “expose” will provide “clear cut evidence” of “criminal breach of trust, abetting misappropriation and embezzlement” to the investigating authorities. These are serious criminal accusations, so we urge YB Tony Pua to “walk the talk” and provide his “clear cut evidence” to the lawful authorities for further investigation. 1MDB has consistently maintained that if there is any evidence of wrongdoing, then action must be taken under the law.
However, if he cannot provide such evidence, then YB Tony Pua should stop making wild and unproven allegations, which are clearly politically motivated.