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1MDB to just repay debts, says Arul

Posted: 08 Apr 2016 12:45 AM PDT

1MDB will have no daily ope­rations after the rationa­lisation plan and will act as a shell company, only receiving cash flow from the plan to pay bond debts.

This decision was made following the PAC recommendation that subsidiaries and asset-holders be handed over to Ministry of Finance Inc, said 1MDB president and chief execu­­­­tive officer Arul Kanda Kanda­samy.

In an exclusive interview with TV3, Arul also addressed allegations about the funnelling of 1MDB funds to the Prime Minister's private accounts.

"The PAC report shows, in detail, where the 1MDB funds went. Every sen has been accounted for. This is a very important matter.

"(Former prime minister) Tun Dr Mahathir (Mohamad) made statements which implied that RM2.6bil in funds in the private account of Prime Minister Datuk Seri Najib Tun Razak came from 1MDB.

"If we look at the report, it's clear that there is no evidence at all that the RM2.6bil went from 1MDB to the private account," he said.

He also said 1MDB board of directors' collective offer to resign after enacting the rationalisation plan and stabilising the company was not an act of running away.

He explained that it was an effort to "give space" so further investigations could be conducted.

"If I myself am found to have committed an offence, I am ready to ac­cept what is decided by the enfor­cers," he added.

No compensation or payment was requested by any of the directors.

Salleh: RTM ready to televise live debate between Rahman-Guan Eng

Posted: 07 Apr 2016 11:58 PM PDT

Radio Televisyen Malaysia is ready to televise live the debate on the Taman Manggis land between Urban Wellbeing, Housing and Local Government Minister Datuk Abdul Rahman Dahlan and Penang Chief Minister Lim Guan Eng.

Communications and Multimedia Minister Datuk Seri Dr Salleh Said Keruak said RTM would help facilitate the debate through the slot of its programme called "Democracy".

"We are ready to televise live the debate, and it is up to them to take up the offer. The debate will be without audience to ensure that the programme runs smoothly," he told Bernama on Friday.
Abdul Rahman, who is also Barisan Nasional strategic communications director, had welcomed Lim's preparedness to participate in a public debate with him.

In a Twitter posting, Abdul Rahman said: "I welcome the public debate on the Taman Manggis (land). My officer will contact your side to iron out the details.

"The debate will allow the people of Penang to know the facts and truth behind the Taman Manggis scandal."

Yesterday, Lim said he was prepared to debate with the urban well-being, housing and local government minister on the matter, and even wanted the event televised live.

The Barisan claims that the DAP-led Penang government sold the Taman Manggis land when it had been earmarked for affordable housing.

Rafizi charged with criminal defamation, OSA offences

Posted: 07 Apr 2016 11:19 PM PDT

Pandan MP Mohd Rafizi Ramli was charged with criminal defamation and two offences under the Official Secrets Act 1972 (OSA).

Rafizi was accused of exposing Page 98 of the 1Malaysia Development Bhd (1MDB) audit report without approval at the Parliament lobby on March 28.

He was also charged at the Sessions Court on Friday with possessing the 1MDB audit report without approval on March 24 at the same place.

The PKR vice-president claimed trial to the charges.

Sessions Judge Zulqarnain Hassan fixed bail at RM3,000 pending mention on April 29.

Rafizi was later taken to another court before magistrate Mohd Rehan Mohd Aris to face a charge under Section 499 of the Penal Code for defamation.

He also pleaded not guilty to the charge of defaming Tabung Haji in his blog.

Magistrate Mohd Rehan set bail for the charge at RM1000, pending mention on April 29.

Rafizi was arrested outside Parliament gates on Tuesday.

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