Arul Kanda Kandasamy
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Arul Kanda Kandasamy or better known as his birth name, Arul Kanda (born 1976) is the former president and chief executive officer of 1Malaysia Development Berhad (1MDB),[1] a company owned by Minister of Finance (Incorporated), a corporate body of the Ministry of Finance.[2] He was appointed as the CEO to replace Mohd Hazem Abdul Rahman who resigned on 5 January 2015.[3][4]
Arul Kanda | |
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Born | Arul Kanda Kandasamy 1976 (age 47–48) |
Citizenship |
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Alma mater | University College London |
Occupation | former CEO of 1MDB |
Years active | January 2015 – 28 June 2018 |
Spouse | Unknown |
Children | 2 |
1MDB has been under heavy scrutiny for its suspicious money transactions and evidences pointing to money laundering activities. In a lawsuit filed by United States Department of Justice (DOJ), it is stated that at least USD$7.5 billion has been stolen from Malaysia's 1MDB state-owned fund.[5][6]
Further investigations by Malaysian authorities lead to Kanda's dismissal from 1MDB in June 2018.[7] Subsequently, on 12 December 2019, he was jointly charged with Najib Razak for audit tampering.[8]