1MDB slams The Edge over unproven allegations

1Malaysia Development Berhad (1MDB) has hit out at The Edge Financial Daily for its report on the state investment fund published today, claiming that it contained unproven allegations and unsubstantiated statements.

“We are surprised that these old and unproven allegations are being recycled yet again, when in fact there are multiple ongoing investigations being conducted by the lawful authorities on the issues raised previously.

“Any party which can assist investigators should do so under the purview of the law, without resorting to such irresponsible and unnecessary sensationalism.

1MDB reiterated its trust on the ongoing investigations being conducted by the lawful authorities.

The Edge Financial Daily today published a report claiming the involvement of Jho Low in the US$1.83 million (RM6.96 billion) invested by 1MDB in PetroSaudi International was a scheme to defraud Malaysia.

It also published a ‘Note from the Publisher’ on its frontpage and said it has a “public duty to find and report the truth.” It added that it could be the publication’s last report on 1MDB.

The Edge Financial Daily is published by The Edge Media Group, which received a show cause letter from the Home Ministry on July 1 for its report on 1MDB.

"We are accused of publishing articles on 1MDB that have created confusion and doubts about the government and our financial institutions. We are also accused of relying on an Internet portals for our articles.

"As we have stated previously, we stand by the articles we have published and we intend to show it," said its publisher and Chief Executive Officer Ho Kay Tat.