MoF removes Arul Kanda from Bandar Malaysia, TRX boards in deal fallout


The Malaysian Insight

Arul Kanda Kandasamy is no longer the Bandar Malaysia Sdn Bhd board chairman and a TRX City board member, but he retains the post of president of scandal-plagued 1MDB. – The Malaysian Insight file pic, May 8, 2017.

PUTRAJAYA has removed Arul Kanda Kandasamy from the Bandar Malaysia and Tun Razak Exchange company boards, citing “potential conflicts of interest” in the fallout from the aborted Bandar Malaysia deal with the IWH-CREC consortium.

However, he remains president of 1Malaysia Development Bhd (1MDB), the scandal-hit state investor taken over by the Ministry of Finance (MoF) last year. Arul Kanda was Bandar Malaysia Sdn Bhd board chairman and TRX City board member.


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Comments


  • What about the numerous previous cases of abuse of power, conflict of interest and criminal breach of trust?

    Posted 6 years ago by Joe Fernandez

  • Arul Kanda Kandasamy bin Abdullah is Indian, not Malay.

    S'pore/Malaya non-Malays who convert after 31 Aug 1957 remain non-Malays.

    The definition of Malay in Article 160 of the Federal Constitution refers.

    Posted 6 years ago by Joe Fernandez