State investment firm 1Malaysia Development Bhd (1MDB) said claims that it had misled auditors on funds it has parked in a subsidiary in the Cayman Islands is malicious as part of the funds are already repatriated to Malaysia.

It says this after DAP’s Petaling Jaya Utara MP Tony Pua accused 1MDB of misleading auditors to sign off on the financial year ending 31 March 2014 accounts.

Pua (below) said this is because 1MDB had guaranteed the entire US$2.33 billion (RM8.30 billion) parked in Cayman Islands will be brought home by Dec 31, 2014.

In an email to Malaysiakini , 1MDB said RM4 billion of the funds, has already been repatriated while more is on the way.

The entire sum was worth RM7.71 billion as at Mar 31, 2013, as the ringgit was stronger against the greenback then.

"The process to do so has already commenced, and we will make an announcement as soon as this has been completed," 1MDB said.

It did not explain why the funds are being repatriated in batches or the reason 1MDB missed its own Dec 31 deadline, as stated its board of directors.

The note on its financial accounts reads: “On 1 August 2014, the Board of Directors of the Company had authorised the redemption of all investments in the SPC to be received no later than 31 December 2014”.

However, 1MDB chairperson Lodin Wok Kamaruddin in a statement last month said the remainder of the funds will be brought home in the coming months.

In its email, 1MDB also reiterated that “third party individuals” like Pua do not know the full picture and are making “disingenuous” claims.

“We regret that third party individuals who are not privy to the decision making process of the company, and do not have the full facts or understand the context of decisions that are made internally, continue to make speculative statements concerning 1MDB.”

“Whilst we welcome scrutiny and questions, we do request that any statements about 1MDB are based on facts, rather than speculation based on misleading information and/or hearsay.”