KUALA LUMPUR, Feb 2, 2015:

Batu Kawan Umno division deputy chief Datuk Seri Khairuddin Abu Hassan has lodged yet another police report against the country’s wealth sovereign fund 1Malaysia Development Bhd (1MDB) over its debt-ridden allegations.

Lodging a report against 1MDB chief executive officer Arul Kanda Kandasamy this time, Khairuddin said that this was due to a statement that the newly appointed CEO made after assuming the post.

“On Jan 13, Arul Kanda had issued a statement that 1MDB had redeemed the US$2.318 billion (RM8.418 billion) invested by the company in a Cayman Islands-registered fund, following a decision made by the chairman of the board of directors on Dec 28, last year.

“At nearly the same period on Jan 28, Bloomberg had reported that 1MDB had planned to obtain a third extension to its RM2 billion loan owed to Maybank Bhd and RHB Bhd,” he said.

Khairuddin said as such it would be inconceivable why 1MDB would not be able to pay up the large loan when it claimed that it had already redeemed such a huge amount of money from the registered fund.

“On top of it, 1MDB has also sought a RM2 billion loan from Tan Sri T. Ananda Krishnan to meet its loan obligations to the bank.

“With all these facts combined, it raises plenty of doubts and hence my decision to lodge this police report is to ascertain the truth,” he said.

Khairuddin also questioned Bank Negara Malaysia (BNM) for allowing the national sovereign fund to obtain a third extension for a huge loan.

“Hence I plan to also send a memorandum to BNM governor Tan Sri Dr Zeti Akhtar Aziz to ask the national bank to investigate this matter in further detail,” he said, adding that he would be informing the media soon on his next course of action.

Khairuddin, who is learnt to be the cousin of Opposition leader Datuk Seri Anwar Ibrahim, has been lodging several reports against 1MDB since December, including with the Malaysian Anti-Corruption Commission, calling for a “detailed and comprehensive” investigation against the company’s directors over allegations of mismanagement of its sovereign funds.

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