Arul Kanda Kandasamy
Arul Kanda | |
|---|---|
| Born | Arul Kanda Kandasamy 1977 (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 |
Arul Kanda Kandasamy or better known as his birth name, Arul Kanda (born 1977) is the former president and chief executive officer of 1Malaysia Development Berhad (1MDB), a company owned by Minister of Finance (Incorporated), a corporate body of the Ministry of Finance. He was appointed as the CEO to replace Mohd Hazem Abdul Rahman who resigned on 5 January 2015.
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.
Further investigations by Malaysian authorities lead to Kanda's dismissal from 1MDB in June 2018. Subsequently, on 12 December 2019, he was jointly charged with Najib Razak for audit tampering.