1MDB says it shared all documents relating to Aabar BVI with Audit Dept

1Malaysia Development Berhad said it has shared all documents in its possession and those it could obtain relating to Aabar BVI with the National Audit Department.

"Where relevant, substantial reasons were given for each omission," it said in a statement, denying that it had lied or tried to suppress information related to Aabar BVI (Aabar Investments PJS Limited) as claimed by DAP MP for Petaling Jaya Utara, Tony Pua.

"It is these very same documents shared by 1MDB with the National Audit Department which show the ownership of, payments to, and underlying legal documents relating to Aabar BVI.

"Hence, there are no lies or suppression of information, as wrongly claimed by YB Tony."

1MDB said the relevant payments were made between 2012 and 2014 where there are clear references to these payments in the 1MDB audited financial statements available to the public.

However, it said, "For an as yet to be determined reason, IPIC (International Petroleum Investment Company) and Aabar are only now seeking to deny ownership of Aabar BVI or receipt of the payments.

"This will no doubt be the subject matter of further enquiry and discussion and 1MDB is exploring all its options in this regard."

READ: 1MDB does not owe IPIC US$481 million - Najib

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1MDB said it was wrong and unprofessional of Pua to personalise this issue by linking it to 1MDB president and executive director Arul Kanda Kandasamy.

Each of these transfers happened before Arul Kanda assumed his role at 1MDB. Therefore, he can only rely on what the company records show in formulating his answers, the statement said.

1MDB said Arul Kanda has delivered major asset sales and repaid all short term debts/bank debts, with 1MDB now having RM2.3 billion cash in the bank.

"The company has also recently repaid the RM950 million standby credit facility from the government of Malaysia. Even YB Tony has no choice but to admit this success, against all odds," it said.

1MDB said it is confident of its legal position in relation to the USD3.5 billion cash deposits paid to Aabar BVI and the company will pursue all available avenues open to it.

1MDB said it was committed to fully cooperate with the police in the investigations which the Public Accounts Committee recommended.