Tony Pua: Why is Arul Kanda protecting Jho Low?

DAP MP Tony Pua says Low Taek Jho’s inclusion in 1MDB meetings is proof of the businessman’s ties with the state fund.

KUALA LUMPUR: Petaling Jaya Utara MP Tony Pua today refuted 1MDB CEO Arul Kanda Kandasamy’s claim that the state-owned strategic investment fund had submitted all 1MDB-related documents during the Public Accounts Committee (PAC) investigation process.

“He said 1MDB had surrendered all documents needed to the auditor-general (AG) and PAC. This is a major lie as it states in the PAC report debated last year that 1MDB had failed to declare all its foreign bank statements,” Pua said at a press conference in the Parliament building here today.

Pua, who is a member of PAC, said Arul’s statements seemed protective of financier Low Taek Jho, better known as Jho Low, who is under investigation in several countries for his role in the alleged theft of 1MDB funds. However, 1MDB says no funds are missing.

The DAP MP said the inclusion of Low in 1MDB meetings was proof of the connection between the businessman and 1MDB.

“Former 1MDB chairman Bakke Salleh admitted that Jho Low was invited to previous 1MDB board of directors meetings to give statements and updates to them regarding their joint venture with PetroSaudi. This proves the connection between 1MDB and Jho Low.

“So why is Arul Kanda protecting Jho Low? We do not know why he is doing this and why he is protecting those who have stolen money from 1MDB.”

Meanwhile, DAP’s Gelang Patah MP Lim Kit Siang said Arul should not be allowed to answer questions which should be addressed in Parliament.

“Lately he has made many statements with regards to 1MDB but these questions were asked in Parliament and should be answered in Parliament.

“I call this a supreme contempt of Parliament because he is answering questions that were directed to the prime minister in Parliament.

“He is making Parliament a laughing stock and (this is) something that all MPs should feel outraged about.”

Arul had recently stated that he wanted 1MDB’s success to be measured through the realisation of the construction of its two mega projects, the Tun Razak Exchange (TRX) and Bandar Malaysia.

“This will put an end to the various allegations being continuously hurled by the opposition towards the company,” he added.

Treasury secretary-general Mohd Irwan Serigar Abdullah meanwhile said the state investment firm would be closed after all of its debts were settled.

He was quoted as expressing confidence that the company would be able to repay all its debts through its rationalisation plan.