DAP today urged the auditor-general to demand for a complete list of investors who bought 1Malaysia Development Berhad (1MDB) bonds via international investment bankers Goldman Sachs, in three different exercises between 2012 and 2013.

 

DAP national publicity secretary Tony Pua made the call today after Prime Minister Najib Abdul Razak yesterday refused to reveal the amount of commissions and fees paid to Goldman Sachs for the bond-raising exercises.

 

Pua previously alleged, based on bond circular documents, that Goldman Sachs were paid between 9 percent and 11 percent in commissions for the exercises, way above the regular market rate, which is a maximum of two percent.

 

Najib yesterday said that the fees paid to Goldman Sachs was "appropriate", but Pua flayed Najib for refusing to reveal the commissions, accusing the premier of "pretending" not to know that Malaysia had been ripped off in the bond exercises.

"If he is so certain of the reasonableness of the fees and discounts, why is he so insistent on hiding these figures from the public?" he asked.

Pua described the Finance Ministry's "failure" to answer concerns raised on 1MDB to be "despicable", as Malaysians have a right to know how 1MDB had handled the money.