Public Accounts Committee (PAC) member DAP Chief Propaganda Tony Pua is prejudicially attacking 1MDB President and Ground Exec Director Arul Kanda Kandasamy ahead of the latter appearance in front of the Parliamentary Select Committee, as a diversion away from the Opposition woes.
Pro-Anwarista Free Malaysia Today story:
Pua: Arul Kanda a ‘liar extraordinaire’
Shane Fuentes | June 17, 2015
The 1MDB President and Executive Director was an “unscrupulous liar and a man without any honesty and integrity”.
KUALA LUMPUR: The Opposition begs to differ with a 1MDB statement on Tuesday that its President and Executive Director Arul Kanda Kandasamy never said he “saw the cash” (at a Singapore bank).
“He is on record as saying he had ‘seen the statements’, referring to the fund unit ownership and redemption,” noted Petaling Jaya Utara MP Tony Pua in quoting from the statement.
“This is an outright lie to cover up another lie,” said Pua who is also DAP National Publicity Secretary.
In an interview with the Singapore Business Times published on 7 February 2015, he recalled that Arul Kanda clearly stated that while the funds amounting to USD1.103 billion would not be repatriated back to Malaysia, it would be kept in US dollars “as we have USD6.5 billion (RM23.06 billion) in bonds out there, in which interest payments come up to nearly USD400 million (RM1.4 billion) a year.”
He pointed out that the 1MDB President specifically said, “the cash is in our accounts and in US dollars. I can assure you (about that)… I have seen the statements”.
“It was therefore disingenuous for 1MDB to just quote Arul Kanda having ‘seen the statements’ without also quoting the sentence, ‘the cash is in our accounts and in US dollars’.”
“This proves that Arul Kanda was an unscrupulous liar and a man without any honesty and integrity.”
It begs the question, he added, why Prime Minister Najib Abdul Razak and the Board of Directors of 1MDB still trusted such a person to manage and “turnaround” the country’s largest scandal-ridden company in history.
He reiterated that 1Malaysia Development Bhd (1MDB) President Arul Kanda was a liar extraordinaire. “His many responses within the statement did not address the key questions which key critics have raised many times previously.”
He was commenting on the 1MDB statement which, among others, made reference to the balance of USD1.103 billion of investments located in Cayman Islands which was redeemed in January this year and parked with BSI Bank Singapore. The controversy was whether this amount was “cash” or in “assets”.
Pua conceded that strictly speaking, some of the figures which were cited in former Prime Minister Mahathir Mohamad’s “1MDB Story” in his blog was inaccurate. “However, the gist of his arguments was definitely sound.”
Pua doesn’t buy the statement conceding that there was a misunderstanding on information provided by 1MDB to the Ministry of Finance (MoF). “This conceded ‘misunderstanding’ was completely unbelievable.”
Firstly, he wants to know whether Arul Kanda was so incompetent as to make a mistake between USD1.1 billion cash as opposed to assets or “units” of indeterminate value.
Secondly, if there was indeed a “misunderstanding” in the response provided to the MoF, the fact remains that Arul Kanda did not immediately correct the massive mistake on 10 March when the “cash” answer was provided and widely published.
Instead, he said, the 1MDB Chief waited until more than two months later on 19 May after he had posted the question again in Parliament, before issuing the correction. “If I didn’t ask the question, the truth would never have surfaced. Such a massive delay in clarifying the mistake was the height of irresponsibility by the 1MDB President.”
He asks: “Was Arul Kanda forced to finally admit that there was no “cash” in BSI Bank as a result of being caught with his pants down, after Singapore authorities handed evidence to Bank Negara Malaysia?”
Arul Kanda, he reiterated, had tried to bluff gullible Malaysians that 1MDB got back all it’s money and even “made a profit of USD488 million” in the entire Petrosaudi to Cayman transactions.
“He even cooked up the excuse that the money needs to be kept in US dollars because it was needed to service the interest of 1MDB’s US dollar bonds.”
Pua made this outrageous attacks despite Arul yet to appear and be questioned by the PAC. It is a demonstration that he is not interested to unravel the truth especially Arul is compelled to address all the queries during the PAC proceeding.
Arul was given the six weeks notice by MoF to appear before the PAC on 5 August.
Despite these outlandish attacks against Arul, he remains positive that PAC would be fair for him to present himself and 1MDB. It is no mystery Pua’s outrageous attacks are aimed to tarnish Arul’s credibility ahead of the proceeding.
Arul Kanda Confident PAC Will Give Fair Opportunity To Explain 1MDB Position
KUALA LUMPUR, June 17 (Bernama) — 1Malaysia Development Bhd (1MDB)’s President and Group Executive Director, Arul Kanda, says he is confident that the Public Accounts Committee (PAC) will give fair opportunity to explain on the strategic development company’s position.
“Notwithstanding the various public statements on 1MDB from PAC member Tony Pua (Petaling Jaya Utara Member of Parliament), I have every confidence that the honourable members of the committee will allow me a fair opportunity to explain 1MDB’s position, to a lawful authority per the requirements of due process,” he said in a statement today.
Arul Kanda and the former Chief Executive Officer of 1MDB, Datuk Shahrol Halmi, will face the Parliamentary body on Aug 5, 2015.
“The purpose of my appearance before the committee is to respond to questions that its members may have,” he said.
Arul Kanda was referring to various statements on 1MDB and himself attributed to Pua.
If Pua as PAC member is not satisfied with information provided by Arul during the PAC proceeding, then there are avenues to address these deficiencies.
Definitely calling Arul as a “Liar extraordinaire”, especially before the PAC heard him out is not it.
The fact is that Pua as the DAP Propaganda Chief, is using the character assassination of Arul as a diversion from the real fact that the (un)holy-marriage-of-(in)convenience-between-backstabbing-strange-bedfellows of Opposition parties crumbled down and came to an end.
This further affirmed by Opposition Leader in Dewan Rakyat Wan Azizah Wan Ismail, who is also PKR President.
Pro-Anwarista TMI story:
Pakatan Rakyat is dead, says PKR chief Wan Azizah
Published: 17 June 2015 6:47 PM
PKR confirmed today that Pakatan Rakyat (PR) had officially ceased to exist following PAS’s decision to cut ties with DAP, and DAP’s own announcement yesterday declaring the end of the seven-year-old pact.
PKR president Datuk Seri Dr Wan Azizah Wan Ismail said the lynchpin party of the opposition pact regretted both these actions, by PAS and DAP, respectively, but said that their actions meant that PR could no longer function.
“In light of this, the political coalition that is Pakatan Rakyat no longer functions formally,” Dr Wan Azizah, who is also the federal opposition leader, said in a statement this evening.
“PKR expresses regret on the resolution that was accepted without debate at the 61st PAS Muktamar and subsequently the DAP Central Executive Committee’s announcement of the end of Pakatan Rakyat that PKR considers hasty,” Dr Wan Azizah said, noting that this stance was approved by the party’s political bureau at its meeting last night.
She was referring to the motion adopted without debate at PAS’s annual general assembly earlier this month to cut ties with DAP. The motion had originated from the Islamist party’s ulama wing, and was forced through the assembly of the party’s main body, much to the anger of some grassroots delegates.
PAS leaders, however, have said the motion did not represent a final decision, as the matter still had to be decide by the party’s Shura council of scholars and clerics.
But DAP secretary-general Lim Guan Eng moved ahead with a challenge to PAS representatives in the Penang state government, of which he is chief minister, to quit their appointed positions. At least five have done so, including PAS progressives Datuk Dr Mujahid Yusof Rawa and former deputy president Mohamad Sabu.
DAP then went ahead to declare the end of PR, a decision it made at a meeting of its central executive committee on Monday night.
Dr Wan Azizah’s statement was silent on whether PKR would continue to work with DAP, despite calls by Selangor DAP chief Tony Pua to “choose” between DAP or PAS in running Selangor – Malaysia’s richest state and also PR’s crown jewel which it has held as a model of government should it take federal power someday.
PKR leads the Selangor government and has three PAS exco members. In the 56-seat state legislature, PKR has 13 seats, and DAP and PAS 15 each. Barisan Nasional (BN) has 12 and one is an independent.
However, the PKR president said today that the party was thankful for the “spirit and cooperation” of PR in Selangor under party deputy president Mohamad Azmin Ali, who is the menteri besar, and under DAP’s Lim in Penang.
“In the same spirit, and based on the Pakatan Rakyat Common Policy Framework, PKR will continue to give support to the Menteri Besar of Kelantan Datuk Ahmad Yaakob,” she said, referring to the PAS government in the northeastern state of the peninsular.
She said PKR would still work at building a coalition, not limited to political parties, to defeat the ruling BN. – June 17, 2015
The three parties came to the juncture where their political philosophy, objectives, approach, manoeuvres and dynamism of leadership not only no longer match, but arrived to a point of deep distrust and disloyalty.
The fact is that this is not the first time the working relationship between the Opposition failed and crumbled. First it was Gagasan Rakyat (Semangat 46 and PAS as Angkatan Perpaduan Ummah joint forces with DAP and PBS) from 1990-1995.
Then it was the Barisan Alternatif, which was a precursor to Pakatan Rakyat which came into form on 1 April 2008 after the three Opposition parties managed in 12GE on 8 March 2008 to wrestle five State Governments (Selangor, Perak, Penang, Kedah and Terengganu) from Barisan Nasional and BN for the first time being denied the 2/3rd majority in Dewan Rakyat.
The inability for the three Opposition parties to come together and legally form an entity (similar to Barisan Nasional, which is registered as a political party) is a demonstration of adverse political philosophy, objectives, approach, manoeuvres and dynamism of leadership which was guised poorly.
This is despite grassroots and party supporters consistent pressure for the Opposition Leaders to get their act together and legally form the unified political entity.
Pakatan Rakyat crumbled came be summed up in very few points. Anwar Ibrahim, the Opposition Leader who gelled all the parties with diverse interests, philosophies, objectives and MO is exhaustively incarcerated. All Opposition parties had serious internal disputes and conflicts.
That resulted in change of policies especially when the Ulama’s threw out all the leaders within PAS who are Anwar Ibrahim supporters and revert back into their Islamist stance. That enabled Majlis Syura to decree that co-operation with DAP should be severed and PAS Muktamar two weeks ago adopted the proposal.
The previous modus operandi of the Opposition is would to do tactical retreat before they reassemble and come again as a united force. This is regardless would merely be superficial or formed legally as a political entity in their sordid desire to bury BN and come to power.
In the words of DAP Emperorissimo Lim Kit Siang “Pakatan Rakyat cease to exist. What Mujahid said it is interesting. We need to ‘die to reborn again’. We should move on and rekindle and waste on unnecessary polemics”.
“The hopes of the people is badly damaged. We must give the people a new hope. The aspiration for 13GE for change, is still relevant and still alive in 14GE with the political realignment that must take place”.
This cheap political stunt by the Petaling Jaya MP as an honourable member of the PAC rubbishing Arul prematurely in the prejudicial manner is one of those shelling of smoke canisters as the main body of army withdraws for a tactical retreat.
The readers of BigDogDotCom should also be reminded that Tony Pua made all these allegations outside the augur chambers of the Dewan Rakyat.