A Kadir Jasin
THE Star newspaper reported today that 1Malaysia Development Berhad (1MDB) had said that a trial by media is of no benefit to anyone who is genuinely interested in the truth about the company.
“It is clear from the selective presentation of facts, lack of supporting evidence and biased reporting that an attempt is being made to shape public opinion,” said 1MDB.
The 1MDB board argued that the search for truth must be fact-based and conducted by trustworthy, unbiased and impartial parties.
“Accordingly, the board will fully co-operate with and will only reply to questions posed by the bi-partisan PAC, the Auditor-General and relevant regulatory authorities.”
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In a written reply to Rafizi Ramli (PKR-Pandan), the Finance Minister said the subsidiaries were Bandar Malaysia Sdn Bhd, 1MDB Energy Limited, 1MDB Global Investment Limited and Jimah Energy Ventures Bhd.
Najib also said the Employees Provident Fund (EPF) has subscribed to 1MDB bonds totalling RM200 million in 2009, which is fully guaranteed by the government.
The EPF's involvements in these subsidiaries took place in 2003 and 2005 respectively before they were bought over by 1MDB in 2012, he added.