KUALA LUMPUR (Dec 18): 1Malaysia Development Bhd's (1MDB) top management should face the public and clear the air on the company's operations and financials, Deputy Finance Minister Datuk Ahmad Maslan said.
Ahmad said 1MDB, a wholly-owned company of the government, had to clearly explain the dynamics of its operations and financials to the public. This is because 1MDB's operations involves tax payers' money.
"The company should engage and communicate more clearly. 1MDB has good assets and I am confident there is no problem with that," Ahmad told reporters today after the launch of Malaysia Debt Ventures Bhd's new corporate strategy.
Ahmad said this in response to Batu Kawan Umno division deputy chief Datuk Seri Khairuddin Abu Hassan's move to lodge a police report against 1MDB last Friday (Dec 12).
According to news reports, Khairuddin had lodged the report against 1MDB, which had recorded debts of RM41.9 billion, and its board of directors after studying various media reports that clearly proved there were weakness in the manner 1MDB managed tax payers’ money.