1Malaysia Development Bhd (1MDB) has a cash surplus of about US$550mil (RM2.12bil), or 11 times the US$50mil (RM192.5mil) amount due on interest that was payable on April 18, president Arul Kanda said in a Bloomberg Television Malaysia interview.
THE spotlight in the Dewan Rakyat this week will be on the one man who does not even carry the moniker Yang Berhormat.
Arul Kanda Kandasamy (pic), the president and group executive director of 1Malaysia Development Bhd (1MDB), is to testify before the bipartisan Public Accounts Committee (PAC) on Tuesday in the ongoing inquiry into the financial controversy.
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