Pua: Will new 1MDB board act on new exposé?
From Malaysiakini DAP lawmaker Tony Pua has questioned whether the new 1MDB board of directors will take action after whistleblower site Sarawak Report published a series of exposé on the auditor-general’s report on 1MDB. “What is the new 1MDB board…
No investment bank handling 1MDB’s funds in Cayman Islands
From malaysiakini PARLIAMENT: No investment bank was appointed to manage state investment firm 1MDB’s funds in the Cayman Islands, the Finance Ministry said. It said this in a written parliamentary reply to Tony Pua (DAP-Petaling Jaya Utara) who asked if…
1MDB CEO resigns, banker Arul Kanda takes over
From The Malaysian Insider Malaysian strategic investor 1Malaysia Development Bhd (1MDB) chief executive Mohd Hazem Abdul Rahman is resigning from his job today and will be replaced by Abu Dhabi-based Malaysian banker Arul Kanda Kandasamy, sources say. Arul, 38, will…
