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Thursday, July 23, 2015

A-G’s 1MDB report to answer all data tampering claims, says Pua

Petaling Jaya Utara MP Tony Pua of DAP speaks during a press conference at the party’s headquarters today. – The Malaysian Insider pic by Kamal Ariffin, July 23, 2015. Petaling Jaya Utara MP Tony Pua of DAP speaks during a press conference at the party’s headquarters today. – The Malaysian Insider pic by Kamal Ariffin, July 23, 2015.
The 1Malaysia Development Berhad (1MDB) interim report by the auditor-general will answer all the issues raised by whistleblower site Sarawak Report, including allegations of data tampering in the state investment vehicle's aborted deal with PetroSaudi International (PSI), DAP's Tony Pua said today.
In urging prime minister Datuk Seri Najib Razak to make the findings of the report public to clear all the misinformation and confusion over the scandal, the Petaling Jaya Utara MP said all relevant issues raised by Sarawak Report were dealt with in the interim report.
The 1MDB interim report was forwarded to the Public Accounts Committee (PAC) on July 9 even as the bipartisan panel conducts its inquiry into the state investment vehicle.
"The interim report is going to address all issues including claims of tampering of data in the deal between 1MDB and PSI as exposed by Sarawak Report.
"So let the document be made public so that Malaysians can put the issue of tampered data and fabricated information to rest," he said at a press conference held at the DAP headquarters.
Despite being an interim report, with a full one only to be completed by the end of the year, Pua described the report as "fairly comprehensive" containing copies of agreements, minutes of board meetings, resolutions and letters from relevant parties.
However, the DAP national publicity secretary was bound by a confidentiality agreement that prevents PAC members from revealing the contents of the report.
He said Najib can stop the ongoing "farcical circus" once and for all on speculations over whose allegations were truth or fabricated by making public the interim report.
This would also stop Malaysia's name from being dragged through the mud, he added.
"There will be no more need for Lester Melanyi paid video confessions," he said in referring to the former Sarawak journalist who claimed that Pua, together with a clutch of opposition politician, had fabricated 90% of documents related to 1MDB with whistleblower site Sarawak Report as part of a campaign to topple Prime Minister Datuk Seri Najib Razak.
"There will be no need for countless unsubstantiated allegations and insinuations by BN ministers against opposition leaders’ involvement in tampering data."
Finance ministry owned 1MDB has come under the public scrutiny mainly because of the whopping RM42 billion debts that it has racked up in the past five years. The strategic fund has also sacked two auditors, KPMG and Ernst & Young, during the period.
1MDB has not been able to generate enough earnings to service its debts. This raises public concerns over some of its debt papers issued with the government’s letter of support – meaning the government is responsible for the fund’s debt repayment should it default.
Consequently, the investment fund is currently stepping up efforts to hive off its assets, namely power generation plants and land, to ease its extremely tight cash flow.
The Edge was previously issued a show-cause letter by the Home Ministry regarding its reporting on 1MDB.
- TMI

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