A total US$7b unverified 1MDB assets placed overseas: Pua

11 Apr 2016 / 08:11 H.

PETALING JAYA: A total of US$7 billion (RM27.4 billion) of unverified cash or assets was allegedly placed overseas by 1Malaysia Development Berhad (1MDB).
DAP's Petaling Jaya Utara MP Tony Pua (pix) said in a press statement today that this was inclusive of the US$5.5 billion of 1MDB's assets which the Public Accounts Committee (PAC) had established the Attorney-General (AG) could not verify after a year of investigations.
Pua also claimed that:
>> the sums of US$700 million and US$330 million which were misappropriated to Good Star Limited – a company unrelated to the purported 1MDB-Petrosaudi joint venture in 2009 and 2011
>> US$3.51 billion which was paid to British Virgin Islands incorporated Aabar Investment PJS Limited in the form of collateral, options termination compensation and further unexplained "top-up security" payments
>> US$940 million worth of "units" parked at the Swiss Bank branch of BSI Bank in Singapore
He added the AG could not verify a sum of US$1.56 million of investments by 1MDB's wholly-owned foreign subsidiary – 1MDB Global Investment Ltd.
Pua was commenting on the prime minister's call to the people to "look forward" after a 106-page Report On 1MDB Governance Management Controls last Thursday.


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