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KUALA LUMPUR (September 28): Former 1Malaysia Development Bhd (1MDB) president and chief executive officer Arul Kanda Kandasamy was questioned by the Federal Commercial Crimes Investigation Department (CCID) for five hours yesterday, according to Malaysiakini.
A source familiar with the 1MDB probe told the news portal that Arul Kanda was among others questioned on his public talks regarding the fund prior to the May 9 general election.
“Arul (Kanda) had given a number of talks regarding 1MDB.
“The police are thoroughly checking the facts that he had mentioned during his public talks to explain about 1MDB prior to the 14th general election,” the source said in the report yesterday.
The source also did not rule out the possibility of Arul Kanda being charged with criminal breach of trust in the future, but said this would depend on the progress of the investigation.
Malaysiakini reported that CCID director Commissioner Datuk Seri Amar Singh Ishar Singh had confirmed that Arul Kanda had been summoned by the CCID on Wednesday.
Prior to the election, Arul Kanda had toured the nation to counter what he claimed was the then opposition’s misinformation regarding 1MDB. Arul Kanda was appointed to head the strategic development firm in 2015.
This article first appeared in The Edge Financial Daily, on Sept 28, 2018.
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