Arul Kanda Kandasamy

Arul Kanda
Born
Arul Kanda Kandasamy

1977 (age 47–48)
Sitiawan, Perak, Malaysia
Citizenship
  • Malaysia
Alma materUniversity College London
Occupationformer CEO of 1MDB
Years activeJanuary 2015 – 28 June 2018
SpouseUnknown
Children2

Arul Kanda Kandasamy (born 1977), better known as Arul Kanda, is the former president and chief executive officer (CEO) of 1Malaysia Development Berhad (1MDB). 1MDB is a company owned by the Ministry of Finance in Malaysia.[1]

He became CEO on 5 January 2015 after Mohd Hazem Abdul Rahman resigned.[2][3]

1MDB has been investigated for moving money in suspicious ways and for possible money laundering. A lawsuit by the United States Department of Justice (DOJ) said that at least US$7.5 billion was stolen from 1MDB.[4][5]

In June 2018, Malaysian authorities removed Arul Kanda from his job at 1MDB.[6] Later, on 12 December 2019, he and Najib Razak were charged together for tampering with the 1MDB audit report.[7]

References

  1. KAUR, RISEN JAYASEELAN and GURMEET (2015-01-08). "New 1MDB president outlines his strategy for the company". The Star.
  2. "1MDB president Arul Kanda considering legal action against Finance Minister over 'personal attacks'". The Straits Times. 2018-05-24. ISSN 0585-3923.
  3. Yen, Ho Kit (2020-09-17). "I wanted to quit as I had no control of company finances, says ex-1MDB CEO". Free Malaysia Today | FMT.
  4. Ramesh, Randeep (2016-07-28). "1MDB: The inside story of the world's biggest financial scandal". The Guardian. ISSN 0261-3077.
  5. "Malaysia Seizes Najib's Trove of 350 Containers of Cash, Handbags and Jewelry". The New York Times. 2018-05-18.
  6. "1MDB chief Arul Kanda sacked for dereliction of duties". The Straits Times. 2018-06-30. ISSN 0585-3923.
  7. Khairulrijal, Rahmat (2021-07-19). "Najib and Arul Kanda's 1MDB audit tampering trial to resume next month". NST Online.