Kenyataan Media oleh Arul Kanda

Presiden & Pengarah Eksekutif Kumpulan 1Malaysia Development Berhad

5 November 2015

Integriti PAC mesti dihormati

Saya merujuk kepada perintah oleh Speaker Dewan Rakyat YB Tan Sri Pandikar Amin Mulia terhadap cabaran YB Tony Pua untuk berdebat dengan saya di televisyen secara langsung. Saya sangat menghormati Speaker dan kebijaksanaan beliau dalam menjaga integriti Dewan yang mulia itu dan prosiding PAC.

YB Tony Pua telah mencabar saya untuk berdebat di televisyen secara langsung pada 29 Oktober 2015. Pada hari yang sama, saya telah menerima cabaran YB Tony Pua dengan satu syarat – “Demi mengekalkan integriti siasatan PAC, dan untuk mengelakkan sebarang konflik berkepentingan, YB Tony Pua mesti meletakkan jawatan terlebih dahulu daripada PAC”. Apabila YB Tony Pua tidak mempunyai keberanian untuk melakukan perkara yang betul dan meletakkan jawatan daripada PAC, pada 31 Oktober 2015, saya telah menarik balik syarat tersebut. Saya telah menerima cabaran beliau tanpa sebarang syarat memandangkan YB Tony Pua telah membuat pelbagai dakwaan yang salah terhadap 1MDB dan saya sendiri, jadi saya mahu berdebat secara terbuka dan membetulkannya.

1MDB's Reply to Sarawak Report Allegations

1MDB has been made aware of an article, dated 10 October 2015, that has been published in the Sarawak Report, an online blog currently banned in Malaysia. This article has published selectively extracted materials and contains serious and unfounded allegations, in a clear attempt to manipulate readers with respect to events that have previously taken place at 1MDB.

1. 1MDB-Petrosaudi

The fund units, owned by 1MDB subsidiary Brazen Sky Limited, were originally valued at US$2.318 billion in September 2012, as the eventual outcome of various equity and murabaha loan investments totalling US$1.83 billion by 1MDB with PetroSaudi between 2009 and 2011. Over the investment horizon, 1MDB has received and reflected in its audited financial statements, cash returns, i.e. approximately US$81 million murabaha profit, and approximately US$263 million dividends from fund unit investments, i.e. a total cash return of approximately US$346 million and a total gain over time of US$488 million (US$2.318 billion less US$1.83 billion).

1MDB’s response to BNM

1MDB refers to a statement issued today by Bank Negara Malaysia (BNM). Since commencement of BNM investigations in June 2015, the current management and Board of 1MDB have fully cooperated, which resulted in investigation papers being submitted to the Attorney-General’s Chambers (AGC).

Apart from submitting written answers and sharing relevant documents, 1MDB Board members, current and former staff were interviewed by BNM, with detailed witness statements being recorded.

BNM clarified today that it recommended criminal proceedings to the AGC for reasons of “… inaccurate or without complete disclosure of material information …” and not for money laundering or other alleged criminal actions as highlighted by certain media and opposition politicians. However, the AGC, as the legitimate authority for such matters, decided that there was “no offence committed by 1MDB officials” and directed that “no further action should be taken”.

1MDB Rationalisation: Key facts & fundamentals

1MDB refers to a recent unsubstantiated commentary by Penang Chief Minister YAB Lim Guan Eng, linking 1MDB to widening spreads on Government of Malaysia Credit Default Swaps (CDS). It is important to highlight that CDS are a derivative financial instrument, whose values are determined by traders, through demand and supply, and do not necessarily reflect economic facts or fundamentals. In this regard, a CDS spread is a very different indicator to Malaysia’s “A- / A3” credit rating, which reflects the strong ability of the Government of Malaysia to service its debt obligations, with a low probability of default.

1MDB confident Ringgit will recover

We refer to media reports on certain statements made by Tan Sri Dato' Sri Dr. Zeti Akhtar Aziz, the Governor of Bank Negara Malaysia at a forum on 21 September 2015.

1MDB is disappointed that Tan Sri Zeti appears to single out 1MDB for the current weakness of the Ringgit. This is despite the well-known fact that the Malaysian Ringgit is one of many currencies including the Norwegian Kroner, the Australian Dollar, the Russian Rouble and the Brazillian Real, for example, that have dropped in value mainly due to the abrupt fall in oil prices, expectations of rising US interest rates and concerns of economic slowdown in emerging markets.

1MDB discredits wrong reporting by WSJ

We refer to another poorly sourced and sensationalist article by the Wall Street Journal today relating to an amount “of nearly US$1.0 billion” of payments made by 1MDB for termination of certain options. Given the severity of the unproven allegations, the malicious insinuations made and the impact on the 1MDB rationalisation plan, we would have expected at the very least that the Wall Street Journal would have the decency and courage to name its source and/or provide proof. This inability to substantiate clearly shows the shallow nature of its assertions and casts serious doubt on whether or not the Wall Street Journal editors themselves believe in the weak story, cobbled together by its reporters.

Kenyataan Media oleh 1MDB (1Malaysia Development Berhad)

9 September 2015

1MDB Pertahan Penyata Akaun Diauditnya

Kami merujuk kepada artikel berat sebelah oleh Wall Street Journal hari ini berkenaan pembayaran AS$1.4 bilion oleh 1MDB. Kami mengambil maklum bahawa Wall Street Journal tidak menamakan sumbernya atau memberikan sebarang bukti bagi menyokong dakwaan tidak berasas yang dibuat olehnya, lantas menjejaskan kredibiliti artikelnya yang bersifat sensasi tersebut.

1MDB tidak dapat mengeluarkan kenyataan bagi pihak Aabar atau IPIC, dan tidak dapat membuat sebarang komen berkenaan urusan perakaunan pihak ketiga. Apa yang kami dapat sahkan ialah penyata akaun diaudit 1MDB dengan jelasnya telah menyatakan jumlah dan tujuan pembayaran, dan bagi mengelakkan sebarang keraguan, ia distruktur sebagai deposit (iaitu aset kewangan yang dimiliki 1MDB dan bukannya perbelanjaan oleh 1MDB).