The DAP national publicity secretary said 1MDB Global Investment Limited (1GIL) had made the payments to Aabar Investments PJS Ltd (BVI), which was thought to be a subsidiary of Abu Dhabi-based International Petroleum Investment Company (IPIC).
“Treasury secretary-general and 1MDB chairman Mohd Irwan Serigar Abdullah must investigate the payment as the latest civil suit filed by the United States Department of Justice (DoJ) showed several transactions made to Aabar Investments PJS Ltd (BVI) (Aabar BVI).
“I want to ask Irwan Serigar, will he demand justice for Malaysians so that action could be taken against those responsible for the fraud.
“Or will Irwan Serigar follow the action of former 1MDB chairman Lodin Wok Kamaruddin who resigned.
“I know he has not done anything wrong in this matter, but as chairman of 1MDB, Irwan must expose the truth of what happened,” Pua, who is Petaling Jaya Utara MP, told media in Parliament today.
It was previously reported that 1MDB had, through its subsidiary, made various payments starting from October 2014 to Aabar Investments PJS Ltd (BVI) (Aabar BVI), which carried a similar name to IPIC’s subsidiary Aabar Investment PJS (Aabar).
According to DoJ, the transactions that led to that payment could be traced back to the month before, when, on Sept 29, 2014, US$458 million (RM1.96 billion) was borrowed from Deutsche Bank and paid to Aabar BVI.
Aabar BVI is then alleged to have transferred US$378 million to an intermediary, who in turn transferred US$375 million to Bridge Global Fund.
On Oct 7, 2014, Bridge Global Fund paid US$375 million to Brazen Sky which was later transferred to 1GIL. The next day, 1GIL transferred US$356 million to Aabar BVI.
The subsequent payments made to Aabar BVI is said to have occurred on Oct 14, Oct 23, Oct 30 and Nov 14.
Pua said the parliamentary Public Accounts Committee (PAC) was unable to investigate these payments as 1MDB president and group executive director Arul Kanda Kandasamy refused to provide the relevant documents.
“During the PAC investigation, he (Arul Kanda) explained the payment of US$1.243 billion was a supplementary security and compensation. No details were provided, even after we (PAC) asked for it. He (Arul Kanda) merely told us verbally.
“1MDB had also refused to provide bank documents concerning companies overseas to the auditor-general and PAC,” he said.
‘Massive fraud’ likely behind deal with Aabar BVI, says Arul