KUALA LUMPUR, Dec 29, 2015:

The following is a media statement by 1Malaysia Development Berhad (1MDB) regarding an article on the national sovereign fund by the Wall Street Journal (WSJ), today:

We have noted the article published earlier today by the Wall Street Journal (WSJ). In the same vein as most of its recent coverage on Malaysia, this article simply recycles yet again the same unsubstantiated allegations that the newspaper first published mid-2015.

The fact is that there is no real news in this article. For reasons best known to its management, the WSJ appears happy to have become a noticeboard for conspiracy theories and smears propagated by the Malaysian Opposition.

This is a sad state of affairs for its readers, who deserve better.

As the WSJ is fully aware, these allegations are the subject of an extensive inquiry being conducted by multiple lawful authorities in Malaysia.

Furthermore, as the newspaper itself admits several times in the article, no illegal activity is alleged to have taken place.

We are, therefore, perplexed as to why the WSJ continues with this campaign to undermine 1MDB, and Malaysia, and urge it to focus on real news instead.

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