Detailed explanations, supporting documents on Aabar given to AG: 1MDB

KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) has previously clarified the purpose behind the US$1.4 billion (RM5.4 billion) deposit paid to Aabar Investments PJS Ltd, along with all major payments made by the company.
"More importantly, for all major payments by the company, 1MDB has provided detailed explanations, along with supporting documentary evidence to the Auditor General," 1MDB said in a statement today.
The state fund was responding to DAP-Petaling Jaya Utara Member of Parliament Tony Pua's allegation, saying the US$1.4 billion was a fraudulent attempt to mask the embezzlement of funds.
1MDB said the purpose of the deposit to Aabar was described in clear and transparent terms in note 24 (a), page 96 of the 1MDB financial statements dated 31.03.2013 and note 23 (a), page 101 of the 1MDB audited financial statements dated March 31, 2014.
In addition, 1MDB thoroughly explained all its major transactions at the recent Public Accounts Committee (PAC) proceedings.
"Pua is a member of the PAC and he not only has the requisite information and in fact, had the opportunity to ask for more information during the proceedings," 1MDB said. — Bernama