1MDB denies falsifying financial statements

PETALING JAYA: The 1Malaysia Development Board (1MDB) has issued a statement denied falsifying financial statements that was submitted to banks. In the statement 1MDB also regretted the allegations by Opposition Lawmaker Tony Pua quoting that the action could cause a default. 1MDB has questioned on how Pua could allege the audited account was tampered since it’s company internal dealing. 1MDB also noted that the confidentiality of financial agreements cited by Tony Pua were protected by law.

In a press statement yesterday, Pua has displayed documents from Companies Commission of Malaysia (CCM) to back his claims where 1MDB’s account has been alleged tampered. There are also discrepancies between the 2014 finance statements submitted to banks and to CCM with relation to RM 4.03 billion loans it took.

The Petaling Jaya Utara MP is part of the Public Account Committee (PAC) which is investigating 1MDB. Besides the PAC, 1MDB is also investigation by Bank Negara, MACC, Auditor General and Royal Malaysia Police forces. Pinjaman peribadi

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