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10 APRIL 2024

Wednesday, May 23, 2018

'Shocked' Guan Eng refuses to ink document to settle 1MDB's debt


Lim Guan Eng has refused to ink a document which authorises the Ministry of Finance to settle 1MDB's debt of RM143 million, which is due next week.
The finance minister has instructed 1MDB chief executive officer Arul Kanda Kandasamy to inform the ministry in writing on whether the firm can fork out the sum or not.
Failing which, Lim said he would not authorise the Finance Ministry to pay off the debt.
“I was shocked that the first document I had to sign is to pay off 1MDB's debt. I refused to sign unless I see all the relevant documents.
“We have to make the payment before May 30 so as part of the procedure, he (Arul Kanda) has to inform the government.
“He has been instructed to write a letter to state whether 1MDB can pay or cannot pay [...] he has to do it as soon as possible,” he added.
Lim was speaking to reporters after a briefing by Arul Kanda, 1MDB’s former chief financial officer (CFO) Azmi Tahir and former general-counsel Ivan Chen.
Earlier, the finance minister held a separate meeting with two 1MDB directors Norazman Ayob and Kamal Mohd Ali.
[More to follow] -Mkini

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