Tag Archives: Arul Kanda Kandasamy

June 28

1MDB planning a walkout from PAC hearing?

Kit Siang ponders on why lawyer Shafee is so against Tony Pua making statements. Are top executives of 1Malaysia Development Bhd plotting with their lawyer to stage a walkout at hearings of the Public Accounts Committee? DAP veteran Lim Kit Siang raised this possibility today after criticism arose of Tony Pua, a member of the […]

May 24

1MDB shakeup proposal will be tabled to Cabinet

An IN-DEPTH report on the proposed restructuring of cash strapped 1Malaysia Development Bhd (1MDB) will be tabled to the Cabinet next week, as the last resort to save the strategic investment fund from collapsing. Malaysian Reserve’s P Prem Kumar reports: Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah said the government still believes a restructuring […]

April 25

1MDB to media: no comment on speculation or rumours

Singapore branch of Swiss bank alleges that certain 1MDB documents were falsified, giving an inaccurate impression of company assets. Free Malaysia Today has this report on Malaysian Insider’s attempt to get clarifications from 1MDB: “Thank you for your e-mail. While we welcome media enquiries, 1MDB does not comment on speculation and market rumours.” That was […]

March 05

1MDB says will cooperate with A-G audit, insists attacks political

Maintaining that it was a victim of politically-motivated attacks, 1 Malaysia Development Berhad (1MDB) said today it will open its books to the independent audit ordered by Prime Minister Datuk Seri Najib Razak.  MalayMail OnLine reports: 1MDB group executive director Arul Kanda Kandasamy said the firm “welcomes” the prime minister’s request for the audit, and […]