Lim Guan Eng: Ringgit falls due to 1MDB

Penang: Chief Minister Lim Guan Eng said that the recent fall of ringgit is due to 1MDB issues.  He stated that that he warned the Federal government not to play with the economy however it has fallen into deaf ears.  “It is a common knowledge that the Ringgit fall is due to 1MDB” he said. He also added that some people did not want to admit this fact and did not listen. “Even Tan Sri Muhyiddin Yassin is not able to stand with it and voiced it out” Guan Eng mentioned during a speech at Komtar event recently.

Continue reading “Lim Guan Eng: Ringgit falls due to 1MDB”

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.

Continue reading “1MDB denies falsifying financial statements”