Congratulations Arul Kanda, you are now a politician!

We are so amused with Arul Kanda, the CEO of the troubled 1MDB.

FOUR months after telling his first lie to the public, finally he released a press statement to clear the air about that profound gibberish he uttered in February.

How un-professional indeed. This should have been cleared immediately after he said it. But he did not. Surely the people handling the 1MDB account would have alerted their own CEO that the money in BSI Singapore was not in the form of cash.

Unfortunately, we are dealing with people devoid of honesty. That was why, there was a comical flip flopping and desperate cover-up by the people involved ever since then.

After so much brouhaha by the public over their contradictory parliamentary replies, Arul Kanda still did not squeak a word about the piece of fiction he told in February. This belated press statement only came about after Tun Mahathir called him a liar straight to his un-professional face two days ago.

And judging from the poorly written press statement, Tun Mahathir was right after all.

1MDB CEO assuring (lying to) the public the ‘cash’ is there

Normal people would instantly know whether they are telling a lie, or not. It seems Arul Kanda is not even sure whether what he said was either one of them. In his statement, he did not acknowledge, admit or be accountable to the lie he made in February. Instead, he just jumped to the Ministry of Finance’s amended replies in May.

He wanted people to forget that the main argument here is the fact that he LIED way before Ministry of Finance made the amendment. Even the Prime Minister colluded with his lie during the premier’s parliamentary response in March.

This is a devious way of wiggling yourself out from admitting that you are just a two-bit errand boy unfit to call yourself a professional or a banker.

Even a rookie auditor or a junior bank executive will not make such a fundamental mistake in not knowing the kind of assets you have in your accounts. There is a vast difference between cash, paper assets and units.

Is he really a banker? (Actually he is a lawyer by training).

And Tun Mahathir was right. This kind of people, with this kind of stupid press statement cannot be trusted.

Surely, when you said something which is not true, it is a lie.

Well, we the laymen call it a lie.

Again, instead of telling us whether he indeed has lied, he asked the authorities to verify whether or not he has lied!

What kind of nonsense are we getting from these so called professionals?!

Let’s put this in perspective. Arul Kanda told us that an apple he has in his pocket is a green apple. A month later, the Prime Minister confirmed it is green. Two months later, the Prime Minister told us, Arul Kanda lied, it is not green, it’s red. However, another Finance Minister then clarified that it is not actually a red apple, but in fact a citrus fruit. What kind of citrus fruit? He doesn’t know. It’s just a citrus fruit.

#Facepalm gif

Only stupid people will still think that everyone stated in the paragraph above are a bunch professionals.

Isn’t it absurd that Arul Kanda now wants Auditor General, Bank Negara Malaysia and PAC to verify what kind of ‘fruit’ he has in his own pocket?!

Doesn’t he know? No he does not want to answer this because he is not an honest person. A professional would be an honest person. Arul Kanda is neither.

An honest professional will immediately recognise that a mistake was made, quickly issue a statement that he is wrong, made the right rectification and apologise for the lie. All this should be executed within 24 to 48 hours. Only then people can trust him.

What’s worse, Arul Kanda spun it as a ‘miscommunication’ and ‘confusion’. Confused over what you have in your own accounts? It seems now he is also incompetent!

Compounded to the fact that no rectification was made, a Prime Minister who was relying on him to give the right information on 1MDB, was turned into an idiot for giving a false answer in Parliament. This is all due to an incompetent CEO.

But the best part of his press statement is when he launched himself to argue over semantics and the pedantic. Now he is arguing that Tun Mahathir is shifting his allegations from ‘RM42 billion is missing’ to ‘where the RM42 billion went is questionable’.

They are the same argument! RM42 billion is missing, where did they all go? It seems the appropriation of this RM42 billion debts are questionable!

If you can be perplexed just because of this, we doubt you are even fit to be an errand boy.

Is 1MDB being overrun by brainless people who split hairs over English words?

The only logical thing how this stupid line of defence could come about is because he does not know how to answer all the questions posted in Tun Mahathir’s latest blog post.

Again, he is hiding behind the ‘wait for the AG report’ mantra popularised by the Prime Minister. No answers is forthcoming. It is amazing that after all this, he still have the cheek to say that he will conduct his duties in a professional manner.

These are all diversion and prevarication.

Congratulations Arul Kanda, you can now call yourself a sneaky politician!

Below is Arul Kanda’s press statement taken from 1MDB’s website.

1MDB: Clarification and Accountability

“In reference to a blog posted yesterday by Tun Dr Mahathir Mohamad, I wish to make clear that my role at 1MDB has been and will continue to be as a professional. I was initially appointed to conduct a strategic review of the company, and am now leading the implementation of a rationalisation plan for the business, as presented to Cabinet on 29 May 2015.

As a professional, I am fully accountable for my actions and am answerable to the 1MDB Board, and our shareholder the Ministry of Finance. In the current context, this also includes the Auditor General, Bank Negara Malaysia and the Public Accounts Committee. These are the lawful authorities to verify whether or not I have ever lied, as has been claimed, as they have access to all information. I shall continue to conduct my duties in a professional manner, and furnish all information to assist the lawful authorities to verify the truth about 1MDB.

Tun Mahathir stated in his blog that a Parliamentary response submitted by the Ministry of Finance was subsequently amended. This has been previously acknowledged by the Ministry of Finance, and occurred due to confusion around some information provided by 1MDB. As the President of the company, I take full responsibility for this misunderstanding, and will ensure better communication with all stakeholders. Furthermore, as clarified by the MOF, appropriate steps have already been implemented to prevent this happening again in the future.

Separately, Tun Mahathir has previously claimed that RM42 Billion is missing. Now, after 1MDB provided a summary of how the RM42 billion was spent – based on past audited financial statements, he has stated in his blog post “where a chunk of the 42 billion ringgit went is questionable.” This continuous shift in numbers and allegations is perplexing.

With regard to other questions posed by Tun Mahathir and various commentators, the Prime Minister has said, “a full accounting of the facts by lawful authorities are needed so that there can be no misinterpretation or spin”. In this context, the Prime Minister has affirmed that “if any wrongdoing is proven, the law should be enforced without exception”. This is a position I fully support, both in relation to my own conduct to date, and that of 1MDB more generally.

I reiterate that the 1MDB team is fully committed in its efforts to implement the rationalisation plan presented to Cabinet. This plan will substantially reduce the company’s debt levels, and is well underway, as proven by the repayment of an RM 3.6 billion loan as announced on Monday 8 June.”

– Arul Kanda, President & Group Executive Director

 You might also want to read:

http://dinturtle.blogspot.com/2015/06/benarkah-unit-di-bsi-yang-dijadikan.html

http://www.themalaysianinsider.com/malaysia/article/4-questions-for-1mdbs-arul-kanda