The government on Thursday denied that 1Malaysia Development Bhd (1MDB) Chief Executive Officer Arul Kanda Kandasamy had produced false bank statements pertaining to the company's subsidiary from a BSI Bank branch in Singapore.
"Yang berhormat's statement that Arul Kanda had obtained bank statements not belonging to BSI is not true," Finance Minister Datuk Seri Najib Tun Razak said in a written reply to Datuk Mohd Ariff Sabri Abdul Aziz (DAP-Raub) in the Dewan Rakyat here today.
Mohd Ariff suggested that Arul Kanda had allegedly obtained bank statements not belonging BSI, and as such he is in possession of forged documents and 1MDB is liable to legal action by BSI.
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1MDB: Cayman's funds fully redeemed, not in cash but assets
Yesterday, Najib clarified that the remaining 1MDB investments transferred from Cayman Islands had been redeemed in the form of bank assets in Singapore and not in cash.
DAP publicity secretary Tony Pua had urged Najib to sack Arul Kanda for allegedly misleading the public on the existence of US$1.103 billion cash (RM3.96 billion) in Singapore, failing which it would tarnish the prime minister's image.
Bernama
Thu May 21 2015
Yesterday, Najib clarified that the remaining 1MDB investments transferred from Cayman Islands had been redeemed in the form of bank assets in Singapore and not in cash. - File Photo
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