The game is afoot

1MDB has challenged DAP Strategist and MP for Petaling Jaya Utara Tony Pua to do the responsible thing as a Parliamentarian and Public Accounts Committee (PAC) member, by seriously call for the investigation on how confidential BNM papers on the Federal Government strategic investment corporation ended up with Sarawak Report Editor Clare Rewcastle-Brown.

Media statement by 1Malaysia Development Berhad

Issued on 13 October 2015
For immediate publication

Take Action, “Tidak Apa” Tony

1MDB refers to a statement issued by YB Tony Pua this morning. We note that YB Tony Pua has yet again become an instant expert on certain technical matters. This tiresome approach is designed for nothing more than political point scoring which benefits no one.

It is important to highlight Bank Negara Malaysia (BNM) clearly stated “… the Bank concluded that permissions required under the ECA for 1MDB’s investments abroad were obtained based on inaccurate or without complete disclosure of material information relevant to the Bank’s assessment of 1MDB’s applications.”

The above findings appear to be very different from the unproven allegations of fraud, embezzlement, theft, money laundering etc. made against 1MDB by, amongst others, Clare Rewcastle-Brown, YB Tony Pua, YABhg Tun Mahathir Mohamed, YB Tan Sri Muhyiddin Yassin, YB Datuk Seri Shafie Apdal and others.

Accordingly, the Attorney-General’s Chambers, having reviewed the investigation papers and recommendations of Bank Negara Malaysia (BNM), has determined that no further action is to be taken. This point has been accepted by BNM itself, which clearly stated “It is to be noted that under the Federal Constitution, the decision to initiate criminal prosecution lies solely with the Attorney-General.”
We suggest that YB Tony Pua focus his attention on matters on which he has taken a “tidak apa” (lackadaisical) attitude, e.g. did he know that Clare Rewcastle-Brown was involved in the sale of stolen goods, based on the following quote attributed to her (which neither Clare nor Tony has denied) – “I have told Tony that if he doesn’t pay up then he will be seen to have been dealing with me as you (Justo) are threatening to publish (make public the deal).”

Alternatively, YB Tony Pua may want to commence an enquiry as to how confidential BNM investigation documents ended up in the possession of the foreign internet portal, the Sarawak Report or how confidential Public Accounts Committee (PAC) documents such as the Auditor-General interim report ended up with the foreign news publication, the Wall Street Journal.

We trust YB Tony Pua will take all necessary actions to, at the very least, preserve the now questionable integrity of the PAC process and not continue to mislead the public on matters outside of his competency.

****************

Bank Negara statement:

Statement on 1MDB

The Attorney General’s decision with respect to the investigations on 1Malaysia Development Berhad (1MDB) relates to Bank Negara Malaysia’s recommendation to initiate criminal prosecution against 1MDB for breaches under the Exchange Control Act 1953 (ECA). It is to be noted that under the Federal Constitution, the decision to initiate criminal prosecution lies solely with the Attorney General.

As an investigative authority, the Bank is duty bound to conduct its investigations with the highest professional care and diligence. The Bank at all times expects full and accurate disclosure of information by applicants in considering any application under the ECA. On its part, the Bank concluded that permissions required under the ECA for 1MDB’s investments abroad were obtained based on inaccurate or without complete disclosure of material information relevant to the Bank’s assessment of 1MDB’s applications.

Therefore, the Bank has revoked three permissions granted to 1MDB under the ECA for investments abroad totalling USD1.83 billion and also issued a direction under the Financial Services Act 2013 to 1MDB to repatriate the amount of USD1.83 billion to Malaysia and submit a plan to the Bank for this purpose.
The Bank will continue to extend its full cooperation to ongoing investigations by the Royal Malaysia Police and the Malaysia Anti-Corruption Commission.
Bank Negara Malaysia
09 October 2015

*************

The false allegations made by the personalities stated by 1MDB in the statement is very serious and warrants to be rectified. Pua as a PAC member should stand up for the principle of righteousness and do the necessary to correct the misleading if not false allegations made.

The attitude of selective on Pua’s part if reflective of his disinterest to present himself as a true Parliamentarian and representative of the rakyat but instead play politics.

As a prevaricator, Pua has countless times used 1MDB as the bogeyman to demonise the leadership of Prime Minister Dato’ Sri Mohd. Najib Tun Razak, even by bastardising this position and role as a PAC member.

Published in: on October 13, 2015 at 13:00  Leave a Comment  

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