Najib: Arul Kanda remains 1MDB CEO

Arul Kanda remains 1MDB CEO

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

“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 here yesterday.

As far as Bandar Malaysia is concerned, Treasury Secretary-General Tan Sri Dr Mohd Irwan Serigar Abdullah would be in charge.

“But, Mohd Irwan will be in consultation with Arul Kanda with respect to the future development of Bandar Malaysia,” the prime minister said.