1MDB: Arul Kanda challenges Tony Pua to prove accusations

"With reference to a statement by YB Tony Pua this morning, I categorically and unequivocally deny any prior knowledge that Aabar BVI has been liquidated, apart from what I have read in recent press reports.

"I challenge YB Tony to provide proof of this malicious accusation," the 1Malaysia Development Berhad (1MDB) president and group executive director said in a press statement today.

He said Pua is persistently misleading the public with his statements.

"In his statement today, he conveniently forgets to mention that whilst 1MDB purchased the power assets at approximately RM12 billion and sold it at RM9.83 billion, the company also received approximately RM2 billion in cash dividends during the period of ownership, which totals RM11.83 billion i.e. a cash-on-cash, near 'break-even' position," he said.

Arul Kanda said Pua has knowledge of the matter as it was recorded in the Hansard of his explanation during the Public Accounts Committee proceedings but said Pua had chose to hide it from the public.

Yesterday, Pua claimed that 1MDB had lied or tried to suppress information related to Aabar BVI but 1MDB said it has shared all documents in its possession and those it could obtain relating to Aabar BVI with the National Audit Department.

Arul Kanda said Pua, who is part of the PAC, had collectively approved the report which was tabled at the Parliament last week.

"YB Tony should stop cherry picking and let the authorities do their job," he added.

The PAC began its probe on 1MDB since May 19 last year.

On the Office of the Attorney-General of Switzerland's announcement that 1MDB could be a victim of fraud, Arul Kanda said the company is exploring all avenues.