YOURSAY | ‘The truth will not set you free but will land some in jail at least.’

Arul Kanda: Swiss probe shows 1MDB could be victim of fraud

Kim Quek: So, finally, 1MDB admits that US$3.51 billion has been paid to the wrong party, except that it claims to be a victim rather than the defrauder. But, this story carries zero credibility.

If 1MDB is innocent as claimed, why has it doggedly refused to furnish overseas banking statements to the auditor-general and the Public Accounts Committee?

Why did it flatly deny the money had gone astray when critics pointed out that none of such payments was reflected in Abu Dhabi sovereign wealth fund International Petroleum Investment Company’s annual financial report?

Why didn’t it bother to find out the truth then? Is it human not to feel the slightest concern when such a stupendous amount – US$3,500,000,000 and not US$3,500 – has gone missing?

And which fool in the world would agree to pay out US$3.51 billion in order to obtain a loan of US$3.5 billion?

It is as clear as daylight that the idea of securing this loan with IPIC as guarantor on such absurd terms was conceived with one single purpose - to siphon billions from 1MDB.

Must our police, Malaysian Anti-Corruption Commission, attorney-general and Bank Negara continue to pretend nothing has happened and continue their slumber?

Odin Tajué: 1MDB president Arul Kanda Kandasamy, your story is totally demolished by the simple fact that you have refused to provide critical details and/or documents such as bank statements pertaining to your transactions with certain foreign entities.

Your refusal indicates the fear of the truth being discovered. And that truth will not set you free but land some in jail, at least.

Anonymous 1890491455255851: What a joke. He has only now realised that 1MDB has been a victim of fraud?

Most of us, without the financial qualifications this man has, already knew 1MDB was being used by people with authority to move monies to where they wanted it to go.

And all those in government, who shouted how The Wall Street Journal was wrong and had no journalistic integrity, should go and hide in a dark corner and not come out.

GE14Now!: This man is incredible - a victim of a fraud, you say? Are you folks at 1MDB that stupid that you did not do all the necessary due diligence?

Perhaps so. But with the history that Umno has, it is more likely that the fraud was engineered.

So then, who owns the company that you so stupidly transferred the money to? And how did that money then allegedly get, so conveniently, to the PM's stepson?

Negarawan: Arul Kanda, when you receive a huge sum of money into your personal bank accounts indirectly from the companies you are accusing of fraud, it is not a fraud but a conspiracy. You are not a victim, but an accomplice.

By the way, the facts behind Aabar Investments PJS and Aabar Investments PJS Ltd (Aabar BVI) were already reported by Sarawak Report quite some time ago, and are now corroborated by the Swiss attorney-general. So you are now admitting that Sarawak Report is correct?

Existential Turd: Hold on, not so fast. Not long ago, he was adamant there was absolutely no problem with 1MDB, that everything was "rationalised". Now he is playing the victim card?

He would have a better chance of rationalising a square peg into a round hole.

Aries46: Arul Kanda, the international media, foreign government instigators and Malaysians in the know, except PM Najib Abdul Razak's Umno freeloaders, have told you that 1MDB was being looted and there was massive fraud. Ask former PM Dr Mahathir Mohamad if you don't believe me.

But you not only pretended not to hear this but actively denied the fraud. The infamous line was “conspiracy to topple a democratically elected PM and government”.

You may have not gained directly from the alleged scam but tell us what was your total remuneration package for the cover-up charade?

You are part of the problem, not the solution. Knowingly concealing criminal breach of trust (CBT) is a crime.

Gerard Lourdesamy: Arul Kanda must be naive to the extreme. The crucial question is whether 1MDB was a party to the alleged fraud, forgery, bribery and money laundering and had colluded with the wrongdoers.

Was the board of directors (BOD) and its adviser, the PM, aware of this alleged wrongdoing? Why jump to the conclusion that 1MDB was a victim unless the BOD and the then CEO were sleeping on the job?

And what about the dubious role of Jho Low and his associates in the affair?

Crying Shame!!: If a person buys a property owned by a company and is told by someone to make payment to an ABC company which that person claims to be the subsidiary of the owner, will the purchaser or his lawyer pay without even doing basic due diligence by verifying whether that company is really the subsidiary?

In 1MDB's case, we are talking about the transfer of US$3.5 billion, not US$3.5 million. Will the PM just sign the document without asking his army of lawyers to check carefully?

Even if it involves RM35,000, I will make doubly sure I am paying to the correct party. The finance minister cannot claim that he does not know what he has signed.

Unspin: The twists and turns that are coming out of the mouths of Najib’s cohorts befit a Red Granite/Hollywood movie where scriptwriters can kill off a protagonist in one movie and bring back the character from the dead in a sequel.

Unfortunately for Najib, there is no escape from this 1MDB movie. This movie will eventually come to an end and some of the protagonists will be thrown into prison.

Daniel: With such a supposedly high-powered, educated and highly-paid executive management, board of directors and advisory council headed by the finance minister-cum-PM himself, is it possible for 1MDB to be caught by such a basic con?

So who is the insider complicit in this scam? Who stands to benefit and who holds the smoking gun?

Ipoh Pp: Earlier, it was a donation from the Arabs. Now, it’s the Arabs who have cheated them. Arul, we have heard these stories before. Try telling it to your grandmother.

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