1MDB’s Arul refutes Sarawak Report over BSI account

1MDB president and group executive director Arul Kanda Kandasamy  has refuted an online blog Sarawak Report that he had allegedly provided false statement to Bank Negara Malaysia (BNM) that 1MDB had cash in a BSI account in Singapore.

Below is the statement issued on Thursday by Arul:

“We note with dismay that an online blog, Sarawak Report, continues to carry false information and direct unfounded allegations at 1MDB. 

In a recent post, the blog stated that “Arul Kandasamy had provided a false bank statement to Bank Negara to imply that [1MDB] had [cash in a BSI account in Singapore]”. 

This is a lie. I have never provided any such statement to Bank Negara. To state otherwise is blatantly false and incorrect, as are any allegations that are based on this premise. 

As stated previously, we have been extending our full cooperation to the review being conducted by the Auditor General’s office, and look forward to appearing before the Public Accounts Committee. 

These enquiries, which are transparent and bipartisan, should answer the many questions that have been asked of the company. 

As such, we request all parties to await the outcome of these independent enquiries, and refrain from making irresponsible and unfounded allegations in the meantime.”