1MDB claims Edge report recycled 'Old and unproven' allegations

KUALA LUMPUR: 1Malaysia Development Board (1MDB) today said the investment arm was surprised that "old and unproven" allegations were being recycled when there are multiple ongoing investigations being conducted by the authorities on the issues previously raised.

"1MDB notes various allegations and unsubstantiated statements published in The Edge Financial Daily today," they said in a statement.

They were referring to an article entitled "How Jho Low and Petrosaudi cheated Malaysia of US$1.83 billion cash (and US$400 million paper profit) from 1MDB executives".

"Any party which can assist investigators should do so under the purview of the law without resorting to such irresponsible and unnecessary sensationalism.

"1MDB reiterates our trust in due process as evidenced by the professional and thorough ongoing investigations being conducted by the lawful authorities," added the statement.