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MP: 1MDB sets new standards for 'creative accounting'
Published:  Oct 27, 2017 12:34 PM
Updated: 6:42 AM

Petaling Jaya Utara MP Tony Pua has slammed 1MDB's claim that the company had broken even in the sale of its power assets as "outrageous".

Pua argued that 1MDB's claim that the power assets generated RM2.18 billion, which were used to offset interest costs to acquire assets, was fake.

"When I checked the financial statements of 1MDB's energy subsidiaries, there was not a single year where they declared dividends to their 1MDB parent.

"This meant that 1MDB cooked up the entire 'dividend' bulls**t," said the Oxford-trained tech entrepreneur turned lawmaker in a statement today...

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