Whistle-blower site grills 1MDB’s Arul further after denial

Sarawak Report today questions 1MDB's Arul Kanda Kandasamy over a transaction with Jho Low's company. – Screenshot of Sarawak Report's website.Whistleblower site, Sarawak Report, now wants 1Malaysia Development Bhd's (1MDB) president Arul Kanda Kandasamy to explain the firm's transaction with Good Star Limited, a company controlled by businessman Low Taek Jho, after he denied furnishing a false statement to Bank Negara today.

In a statement, Sarawak Report said it has evidence that a false bank statement was used to support claims that there was cash in the state investment arm's account in BSI Bank Singapore.

Putrajaya had said recently that the money redeemed from the Cayman Islands are actually assets in US dollars in BSI Bank.

"Now that Mr Kandasamy is willing to address some of the peripheral details on our reporting perhaps he would also come forward with clarifications and explanations on the key facts of the matter, which is why did 1MDB pay US$1.6 billion to Good Star Limited?" asked Sarawak Report.

The site also accused Arul Kanda, who is also 1MDB's group executive director, of faxing the false bank statement to BSI Bank in Singapore.

"If Mr Kandasamy did not report this to Bank Negara, why did he not report it?" asked Sarawak Report.

- TMI