1MDB president and executive director Arul Kanda may havegiven a summary on where the company spent its RM41.8 billion but former premier Dr Mahathir Mohamad is unconvinced.
This, he said, is because Arul Kanda has on various occasions been caught lying and therefore cannot inspire confidence.
"I am intrigued by the ability of 1MDB to invest RM42 billion in so many businesses.
Really I should be fully satisfied with how 1MDB expended the huge loan that it borrowed. But unfortunately I am not.
I am not, because the information came from the current executive director, Arul Kanda and Arul has been caught lying quite a number of times," he said in a blog posting today.
[More to follow]
This, he said, is because Arul Kanda has on various occasions been caught lying and therefore cannot inspire confidence.
"I am intrigued by the ability of 1MDB to invest RM42 billion in so many businesses.
Really I should be fully satisfied with how 1MDB expended the huge loan that it borrowed. But unfortunately I am not.
I am not, because the information came from the current executive director, Arul Kanda and Arul has been caught lying quite a number of times," he said in a blog posting today.
[More to follow]
-Mkini
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