Thread by @ibrahimsaninet

1MDB update from MOF:
1. The Directors of 1MDB confirmed that 1MDB was “insolvent”
2. 1MDB is unable to repay its debts
3. Arul Kanda says he is on garden leave therefore Arul says doesn't know what's happening in the company

@501Awani

4. Arul Kanda says all financial matters were handled strictly by the company CFO
5. Arul Kanda says he is absolutely uncertain as to what the value of these ‘investments’ are
6. Arul Kanda says he doesn't know whether they even exist in the first place
@501Awani

7. LGE FinMin has instructed PwC to conduct a special position audit on 1MDB
8. LGE FinMin says "Arul Kanda’s response was utterly shocking and preposterous because prior to the change of government, he toured the country preaching the financial viability of 1MDB"
@501Awani

statement in full

9. BEFORE #GE14: Arul Kanda says that 1MDB can pay its debts

10. AFTER #PRU14: Arul Kanda says he doesn't know financials of the company, he says CFO does the dealings, he is unsure if there are assets to be sold

RECAP: 1MDB auditors

2014-2016: Deloitte
2010-2014: KPMG
2009-2010: EY

PwC has never been 1MDB's auditor despite numerous times 1MDB asked them to do so

Today, PwC now instructed to audit 1MDB after FinMin LGE asked them to do so

@501Awani is reaching out to PwC for comments

Statement by @MOFmalaysia on the rm7.0 bil that MOF has paid on behalf of #1MDB