Arul Kanda remains as 1MDB CEO

 |May 16, 2017

Arul Kanda will continue to remain the Chief Executive Officer (CEO) of 1Malaysia Development Bhd (1MDB) and will also be involved in the development of the iconic Tun Razak Exchange (TRX), Prime Minister Najib Razak said.

“I have full confidence in him,” he said.

Arul Kanda has provided good leadership for the resolution of the rationalisation of 1MDB and “he will continue to be there,” Najib, who is also the Finance Minister, told Malaysian journalists at the end of the two-day Belt and Road Forum for International Cooperation in China yesterday.

As far as Bandar Malaysia is concerned, Treasury Secretary-General Irwan Serigar Abdullah will be in charge.

“But, Tan Sri Irwan will be in consultation with Arul Kanda with respect to the future development of Bandar Malaysia,” he said. – Bernama