New 1MDB president outlines his strategy for the company


KUALA LUMPUR: On the second day into his job as the head honcho of 1Malaysia Development Bhd (1MDB), Arul Kanda Kandasamy (pic) met up with reporters from a foreign news wire and a local newspaper promising a higher degree of transparency from the organisation.

The 38-year-old law graduate from the London School of Economics, who honed his skills as an investment banker in London and the Middle East, said that it would be business as usual for 1MDB without any disruptions to its existing plans.

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