He said Malaysia had conducted multiple investigations into 1MDB, as evidenced by the detailed report produced by the bipartisan Public Accounts Committee (PAC), which in turn was based on the findings of the Auditor-General’s Department.
He said Bank Negara Malaysia had also conducted an investigation and subsequently imposed a fine on 1MDB.
“The police are continuing their investigation independently, without fear or favour.
“The government has therefore taken all necessary actions to look into the issue,” he said in a statement today.
Liow, who is also MCA president, said this in response to the DoJ’s latest lawsuit to recover assets allegedly embezzled from 1MDB.
He said the problems with 1MDB, such as its poor business model, weak management or governance and excessive reliance on debt, had been clearly articulated.
“These are painful but important lessons to be learnt.
“Through professional management and the strong leadership of Arul Kanda (1MDB chief executive officer), the 1MDB rationalisation plan has been successfully implemented.”
Liow said the 1MDB issue had been over-politicised by irresponsible parties in their efforts to overthrow a democratically elected government.
“And now these irresponsible parties have gone to the extent of being willing to work with foreign forces to achieve their agenda, which is unfortunate.”