Business

1MDB refutes allegations

KUALA LUMPUR — May 26, 2015: 1Malaysia Development Berhad (1MDB) has made clear that its Memorandum and Articles of Association and the financial accounts of 1Malaysia Development Berhad (1MDB) have always been available to the public via the Companies Commission of Malaysia.

Thus its president and group executive director Arul Kanda states that any suggestion that these documents were leaked, or that the details contained within them have not been previously disclosed, are false.

“And we regret that insinuations are being made to this effect,” he said in a statement today.

The statement was issued as a clarification to recent press reports concerning those documents.

1MDB is a strategic development company wholly-owned by the government of Malaysia.

It drives market-driven initiatives to help transform Malaysia into a thriving economy — one that is highly competitive, inclusive and sustainable.

The statement adds that 1MDB forges international partnerships through joint ventures focused on high-impact projects.

“For more information about 1MDB, please visit www.1mdb.com.my.” — Bernama

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