May 29, 2015 by Suara Kebenaran
KUALA LUMPUR: Petaling Jaya Utara MP Tony Pua has described 1MDB Chief Arul Kanda Kandasamy as being cleverly-worded in denying that he supplied fake documents to Bank Negara. “This is another one of his trademark slippery attempts to obfuscate Malaysians.”
Arul Kanda should get straight to the point – (i) did he distribute/present false BSI Bank statements (to anyone) and (ii) was there a fake letter addressed to Bank Negara submitted to two banks by 1MDB. “The more he tries to dance around the topic, the deeper a hole he will be digging for himself,” warned Pua who is also DAP National Publicity Secretary.
He recalled it was no different when Arul Kanda attempted to silence the critics of 1MDB’s investments in the Cayman Islands when he announced on 13 January that the balance of the fund had been “redeemed” in its entirety.
“We now know of course, that the entire redemption was a fraud as there was no cash involved and whatever paper assets there was, was merely shifted from the Cayman Islands to the BSI Bank account in Singapore.”
According to Bernama, added Pua, Arul Kanda “rebutted claims that he had submitted a false bank statement to Bank Negara”.
He quoted what the 1MDB Chief said:
“We note with dismay that an online blog, Sarawak Report, continues to carry false information and direct unfounded allegations at 1MDB”. Arul Kanda claimed, noted Pua, that the blog accused him of providing “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,” he protested as if he has been harshly victimised, chuckled Pua.
“I was almost moved to lend him my shoulder to cry on. Except that the above was another one of Arul Kanda’s cleverly worded denials to mislead Malaysians who may not know any better.”
Firstly, said Pua, he had read again the various posts on the Sarawak Report with regard to the accusation Arul Kanda made. “I have struggled to find any segment in these posts which asserted that Arul Kanda supplied fake documents to Bank Negara.”
“What I did read in the article entitled ‘Investigators Conclude 1MDB “Cheated” And “Made False Document” to Bank Negara, Deutsche Bank And Others’ was that the Singapore authorities had supplied Bank Negara with information alleging that Arul Kanda distributed fake bank statements.”
…the Singapore authorities had reported that an alleged bank statement submitted by 1MDB, in order to substantiate evidence about the contents of the fund’s BSI account, was in fact false according to the bank itself.
Pua pointed out the bank denied the statement, presented to the authorities by the 1MDB CEO, was an authentic document or that it represented a true picture of the Brazen Sky account, which the Prime Minister and Finance Minister had announced was holding USD1.103 billion of the fund’s missing money.
Hence the key to the accusation was never specifically about Arul Kanda presenting a “false bank statement to Bank Negara”, said Pua. “It was about the fact that he had distributed such statements which was found to be false. It is crucial to note that Arul Kanda merely denied that it was specifically distributed to Bank Negara.”
Secondly, said Pua, what was reported in the article was that Malaysian investigators were allegedly accusing 1MDB of:
…making a false document (a letter to BNM) and submitted to Bank ‘2’. This is to make Bank 2 believe that BNM was informed that [the] funds are to be remitted to the joint venture’s parent account.
“The intention was to mislead the banks into believing that the beneficiary of the funds transferred from 1MDB to Good Star Limited was in fact to Petrosaudi International.”
The article also accused 1MDB of:
…possible cheating and making false documents by 1MDB against Bank Negara Malaysia” and against two other banks, one of which is believed to be 1MDB’s bank, Deutsche Bank.
Hence what was alleged was a fake letter, said Pua, purportedly addressed to Bank Negara but never delivered, which was used to deceive two different banks, including Deutsche Bank.
Arul Kanda in his protestations of innocence, never referred to the above letter “addressed” to Bank Negara, said Pua. “Instead he conflated the ‘false bank statement’ and the ‘fake letter addressed to Bank Negara’ to deny that he ever submitted a ‘false bank statement to Bank Negara’ to obfuscate the reading public.”
In short, he did create a letter to Bank Negara but never sent it to the bank itself but to others.
“Arul Kanda should stop attempting to twist and turn with seemingly clever evasive manoeuvres,” said Pua.