Malaysiakini News

Arul Kanda rebuts ‘false bank statements’ claim

Published:  |  Modified:

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.

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