Most Read
Most Commented
Read more like this
Arul Kanda rebuts ‘false bank statements’ claim
Published:  May 28, 2015 4:00 AM
Updated: 1:00 PM

1MDB chief executive officer Arul Kanda Kandasamy today rebutted claims that he submitted a false bank statement to Bank Negara Malaysia.

This comes after whistleblower website Sarawak Report reported that Arul Kanda provided a false statement to the central bank to say that 1MDB had cash in BSI Singapore.

"This is a lie. I have never provided any such statement to BNM.

"To state otherwise is blatantly false and incorrect, as are any allegations that are based on this premise," he said in a statement.

He reiterated that 1MDB will fully cooperate with investigations by the Auditor-General's Office and the bi-partisan Public Accounts Committee.

He urged all to refrain from making speculations about the firm until the investigations are over.

'He faxed it'

In immediate response, Sarawak Report said it is standing by its article.

" Sarawak Report has evidence that there was a false bank statement used to support the claim that there was cash in the BSI bank account.

"(Arul Kanda) faxed this false bank statement to BSI Singapore, who confirmed it was false. If (he) did not report this to Bank Negara, why did he not report it?" it asked.

It also urged 1MDB to clarify why the firm made more than one transaction of  hundreds of millions US dollars to Good Star Limited, a firm controlled by businessman Jho Low, as earlier reported by Sarawak Report.

Low, who admitted to have consulted for 1MDB, has lamented that he is a victim of political crossfire but did not deny the Sarawak Report exposes.

Related stories

Six steps Najib must take to stay in power

Pandikar told to lasso runaway Najib on 1MDB

Perkasa disses 11MP, 'little' for Malays, bumis

Case management in Najib vs Harakah set for June 26

Najib and Blatter in the same boat

PM’s Dept’s slush funds must be curbed

Mahathir warns BNM against 1MDB cover-up

Dr M: 1MDB S'pore sling a bid to dodge tax man?

MP tells Najib to keep hands off 1MDB probe

Arul Kanda rebuts ‘false bank statements’ claim

PAC must bare fangs against tardy witnesses

Rafizi denies ‘illegal donation drive’ claim

KJ is having 1MDB cake and eating it, too

Najib is ultimately liable for 1MDB’s woes

View Comments