Practise what you preach and resign from PAC, Pua told

  • Nation
  • Thursday, 10 Sep 2015

PETALING JAYA: 1Malaysia Development Bhd (1MDB) has urged Petaling Jaya Utara MP Tony Pua to "practise what you preach" by stepping down from the Public Accounts Committee (PAC) while police investigations on him are ongoing.

"1MDB has consistently maintained that the appropriate forum to share information is to the lawful authorities investigating 1MDB, including the PAC.

"It would appear that YB Tony Pua, notwithstanding his role in the PAC, wants to be judge, jury and executioner for 1MDB," 1MDB said in a statement on Thursday.

"1MDB is disappointed to hear of the alleged actions by YB Tony Pua.

"Whilst we have had differences of opinion with him, we respected his tenacity and focus. Now that YB Tony Pua is under investigation by the police, we urge YB Tony Pua to practise what he preaches to others and step down from the PAC, while he proves his innocence on the various allegations made against him," 1MDB said.

It was reported that Pua was being investigated under Section 120 of the Penal Code for alleged attempts to topple the government following allegations that he introduced Sarawak Report editor Clare Rewcastle-Brown to The Edge Media Group's owner Datuk Tong Kooi Ong and chief executive officer Ho Kay Tat.

Earlier, Pua urged 1MDB to clear up the air on the USD$1.4bil deal and urged the firm to make public details of the bond arrangements and guarantee by Abu Dhabi's International Petroleum Investment Corporation (IPIC).

1MDB said: "In a statement today, YB Tony Pua urged 1MDB to “come clean” on the bond arrangements and guarantee by Abu Dhabi's International Petroleum Investment Corporation (IPIC).

"We remind YB Tony Pua that the key terms of the bond and the IPIC guarantee are contained in the notes to the 1MDB audited accounts dated 31 March 2013 and 31 March 2014.

"These are publicly available documents. 1MDB had also provided a detailed answer to the Wall Street Journal report on 9 September 2015, defended its audited accounts and confirmed that it cannot comment on nor have knowledge of, the accounting arrangements of third parties such as IPIC or Aabar.

"However, YB Tony Pua is quick to respond to detailed answers with even more questions. One can only conclude he is not at all interested in the answers.

"We note media reports quoting IGP Tan Sri Khalid Abu Bakar as saying, in relation to YB Tony Pua, that the police had opened an investigation paper under Section 120 of the Penal Code to probe alleged attempts to topple the government.

"The IGP is quoted as saying "Mind you, we do not investigate based on newspaper reports… (but) this was what he (Pua) had actually said. As such, we need to call him (in) again. He (Pua) himself had admitted that he had left out a few things when he was first called in. He could have forgotten then. Now only he remembered. So we will call him in,” 1MDB said.

On Wednesday, the Wall Street Journal reported that US$1.4bil that 1MDB claimed to have paid to a United Arab Emirates (UAE) state investment vehicle had gone missing.

1MDB had criticised WSJ for using confidential information allegedly from a parliamentary committee, possibly the Public Accounts Committee (PAC), probe which is yet to be presented to Parliament.

The international publication quoted sources as saying the UAE was asking questions on the US$1.4bil which is said to have never reached its investment fund, the IPIC.

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