Connect with us


1MDB CEO Seeks Legal Advice After Guan Eng Calls Him “Dishonest & Untrustworthy”


- World Of Buzz
Source: Twitter & NST

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

Things are getting pretty serious as the probe on 1MDB continues! 

Just yesterday (23 May 2018), Finance Minister, Lim Guan Eng slammed Arul Kanda, CEO of 1MDB, for being “utterly dishonest and untrustworthy” after Arul claimed that he was in the dark about the financial matters in the company.

Following this claim, Arul published his response that was shared by a reporter from Channel NewsAsia via Twitter. The claws are out! 

Hence, defending his stance on the financial matters in 1MDB, an excerpt from his statement reads,

“It cannot be disputed that I joined 1MDB only in January 2015, that is to say after the actions of previous management and boards resulted in 1MDB amassing its debt burden, and after many of 1MDB’s projects were in difficulties.”

“In short, I came in only after the occurrence of the alleged wrongdoings cited in the PAC Report on 1MDB, the Auditor General Report on 1MDB and the DOJ civil suit.”

Assuring that his focus had always been on the company’s business efficiency, he said that the investigations had been going on and is still going on. He then shared that since 2015, several issues pertaining to the 1MDB fund investments have been brought up and updated to the investigative authorities, the Board and Shareholder. 

He also revealed that during his meeting with Lim yesterday (23 May 2018), he was asked many questions which he had answered truthfully. He continued in the statement,

“I, therefore, answered all the questions as best I could, truthfully and to the best of my knowledge, based on my recollection of company records, my personal knowledge (or lack thereof), and my recollection of information provided by officers in the company.”

Therefore, Arul felt that Lim’s statement about his doubtful credibility was unfair as it “did not fully and accurately represent how the questions were put and answered”. Arul also added that the context of his answers was purposely left out to make him look bad. 

Hence, he still claimed that he is innocent and dismissed “the potentially defamatory and personal attacks” by Lim. Seeking a solution to this, he further said that he has sought legal advice from his lawyers. It looks like Arul is looking to take serious action on Lim! 

Image 5

Source: utusan

Meanwhile, he promised to cooperate with the ongoing 1MDB probe and share whatever he knows of 1MDB and its operations. It’s great that he still wants to help. 

Well, according to Arul Kanda’s statement, it appears that he doesn’t know much about the 1MDB financial debts because he joined the company after the previous management had gathered the debt. Maybe he has nothing to do with 1MDB’s huge debt after all?

Do you think Arul Kanda is telling the truth? Let us know in the comments!


Also read: Lim Guan Eng Orders 1MDB CEO to Pay RM144 Million Debt By 30 May

Lim Guan Eng Orders 1Mdb Ceo To Pay Debts Of Rm144 Million By 30 May - World Of Buzz 3

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

Just In

Ft Flag Ft Flag
News2 hours ago

Kuching MP Slams Sarawak Govt For Plan to Build Tallest Flagpole in M’sia Which Costs RM30 MILLION

Recently, a report stated that the Sarawak government is planning to erect the country’s highest flagpole to fly the Sarawak...

Ministry Organises Skill Programme Ministry Organises Skill Programme
News16 hours ago

Ministry of Youth Launches Programme To Empower B40 & M40 Youths With Additional Skills

Many a time, we’re always told that education is the answer to someone’s future. However, in this society, there are...

Feat Image Anwar Ibrahim Quran Distribution Feat Image Anwar Ibrahim Quran Distribution
News23 hours ago

PM: M’sia To Distribute 1 Million Copies Of The Quran Worldwide In Response To Burning Of The Holy Book In Sweden

Prime Minister Datuk Seri Anwar Ibrahim has announced that our country will immediately issue one million copies of the Quran...

Do Not Report Police On Waze 1 Do Not Report Police On Waze 1
News1 day ago

KL Police Chief: “Please do not report police presence & roadblocks on Waze”

Waze is a great GPS application and many of us use it daily. Sometimes, we may come across a certain...

Ft Gerakan Ft Gerakan
News2 days ago

Gerakan Invites Former UMNO Politicians Hishammuddin & KJ to Join Them Following UMNO Sacking

Former Health Minister Khairy Jamaluddin was among several prominent UMNO leaders that were sacked by the party for alleged disciplinary...

Collage 16 3 Collage 16 3
News2 days ago

76y/o M’sian in Kepong Asks His Friend to Return His RM250, Gets Beaten to Death With Plastic Chair

If your responsibility to return the money that you’ve borrowed from others, but an unfortunate man in Kepong, KL met...

Ft Biden Ft Biden
News2 days ago

US President Biden Congratulates Anwar Over Malaysia’s Inspiring Democracy in GE15

Following his appointment as the 10th Prime Minister, Datuk Seri Anwar Ibrahim was soon after flooded with congratulatory messages from...

Collage Son N Dad 1 Collage Son N Dad 1
News3 days ago

13yo Chess Protégé from Klang Defeats Chess Grandmaster at Johor International Chess Open

Remember Genkeswaran Muniyan, who was featured in an award winning inspiration film about his life story on how he was...


Latest Videos