1MDB denies it shared tampered statements with banks

1Malaysia Development Bhd (1MDB) is denying allegations that the government-owned strategic development company had shared tempered financial statements with banks.

In a statement, 1MDB said Petaling Jaya Utara Member of Parliament Tony Pua had made the allegation and it has been widely reported.

"Amongst others, he is quoted as saying that such actions by 1MDB would trigger 'an event of default'," the company said in a statement.

The company said it was unclear to 1MDB on what basis Tony Pua, a third party who is not a banker to 1MDB nor privy to the company's internal dealings, was making such unsubstantiated and damaging allegations against 1MDB.

"We note that Tony Pua has declined to elaborate further on the 'valid reasons' behind his statements," it added.

In any event, interaction between 1MDB and its bankers, including confidentiality obligations, are governed by contract and national law.

1MDB highlighted that no lender to 1MDB has declared an event of default for the reasons highlighted by Tony Pua.

Furthermore, 1MDB's official financial statements are publicly available at the Companies Commission of Malaysia website for any concerned party to access the documents for verification purposes.

It said 1MDB regretted that such statements on the company were being made by a third party such as Tony Pua and reported as fact on social media and online news websites.

"Such actions impact the day to day operations of 1MDB, a 100 percent government-owned company, and the implementation of the 1MDB rationalisation plan.

"In this regard, 1MDB requests that all parties refer to official statements issued by 1MDB, and its publicly available audited accounts, for factually correct information," it said.