Arul Kanda goes to Sungai Besar to say stupid things

The government bypassed its own rules and regulation when they got a public servant to give speeches during a by-election on behalf of Barisan Nasional.

Arul Kanda, a public servant currently working  the Ministry of Finance, drawing his fat salary from taxpayers’ money, and currently reporting to the 3 recently appointed Directors of the Board, had gone to Sungai Besar to promote the goodness of 1MDB and de-criminalise Najib Razak.

Here is the news:

Arul Kanda goes to Sg Besar to clear the air on 1MDB

1MDB president and executive director Arul Kanda was in Sungai Besar today in an attempt to dispel the controversy surrounding the allegation-riddled firm.

He was an invited to speak on national issues at an event organised by the Prime Minister’s Department.

BN candidate Budiman Mohd Zohdi was also present, although the two did not share the stage.

Asked if he was here to campaign for the by-election, Arul Kanda declined to comment before leaving the venue.

During the question and answer session earlier, Arul Kanda denied that the goods and services tax (GST) as well as the RM2.6 billion donation into Prime Minister Najib Abdul Razak’s personal accounts were linked to 1MDB.

“GST was not introduced to cover for 1MDB’s debts.

“The auditor-general and the Public Accounts Committee have found no evidence WHICH linked the RM2.6 billion donation to 1MDB,” he said in response to questions from civil servants who attended the event.

Arul Kanda also urged the audience not to be fooled by the opposition who are constantly attacking the government on 1MDB.

 

We couldn’t believe it when he said this:

“The auditor-general and the Public Accounts Committee have found no evidence WHICH linked the RM2.6 billion donation to 1MDB”

It goes without saying that Arul Kanda is heftily paid to say stupid things and make himself look like an idiot. Too bad he did not read the PAC report himself. Otherwise, he would have realised that he was lying to the public just now.

In the PAC report itself, it had clearly stated the role of the Auditor General regarding the investigation on 1MDB. Let us copy it here for easy reference:

The Public Accounts Committee (PAC) has sent a letter dated 27 February 2015 to the National Audit Department (NAD) to ask NAD to carry out an audit on 1MDB by focusing on five (5) aspects as follows:-

a. The source of RM2 billion raised by 1MDB to settle its loans from several banks;

b. RM3 billion new injection of funds from the Ministry of Finance (MOF);

c. 1MDB investment agreement in PetroSaudi;

d. Whether 1MDB investment money in the Cayman Islands has been brought back to Malaysia; and

e. The changes in international auditing firm to verify 1MDB’s accounts.

The Auditor General was not tasked to find out about the RM2,600,0000 ‘donation’. Their scope was limited to 1MDB’s business operations. What 1MDB did to the money, via multi level of transactions and where the billions of money was spent by bogus companies engaged by 1MDB, were not part of their investigations.

True enough, the Auditor General (NAD) even complained in PAC report itself that 1MDB often times did not submit documents and bank statements for his department to investigate further. Arul Kanda should know this, since he is the boss of 1MDB.

A copy of the agreement for the USD700 million loan between 1MDB PetroSaudi Limited and PetroSaudi Holdings (Cayman) Limited, which was signed by Mr. Tarek Obaid representing both companies, has been submitted by the management of 1MDB but NAD could not confirm it with the original document.

Although the draft of the joint venture agreement has been discussed during the meeting on 18 September 2009, but that too failed be submitted by 1MDB to NAD. – an extract from PAC Report.

And below is the objective of PAC during this whole fiasco, as stated in the report:

The PAC has summoned the Ministry of Finance as a shareholder of 1MDB before the Committee to assess the financial performance and the activities of 1MDB’s Group of Companies since its inception until now to ascertain whether it meets the original objectives of the company’s establishment.

In conclusion, the PAC’s objectives was not to find out whether RM2,600,000 did come from 1MDB. Their objective is to check on the investments made and whether they had complied to good governance. Which, if Arul Kanda had the mental IQ above 20 would have understood that the report is a fine example for gross criminal breach of trust. Yet nobody has been arrested for the loss of billions.

The body which was tasked to investigate the ‘donation’ scandal is MACC, but we all know what happened to their investigation, don’t we?

Working hard to gobble up taxpayers’ money and make himself look like a fool

You might also want to read:

1) The PAC Report

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4) Kedai Dhobi 1MDB. Working for Najib

5) Why isn’t PM interested in who swiped 1MDB’s US$3.47b, asks Husam

6) Ancaman Hutang 1MDB..!

7) Jangan Dengar Cakap Najib dan Hj Hadi