Arul: I never admitted there was fraud


PETALING JAYA: 1Malaysia Development Bhd (1MDB) president and group executive director Arul Kanda said his recent statements regarding the possibility of fraud in relation to 1MDB was given a “spin” by various personalities.

“I must clarify that I had never ‘admitted there was fraud’ as has been mistakenly alleged by various personalities and subsequently wrongly reported by certain media,” he said in a statement yesterday.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , 1MDB , Arul kanda , fraud , never , admitted ,

   

Next In Business News

Industrial projects look increasingly attractive
Yew Lee expects to return to profitability on wider customer base
Changing office space requirements
Fed dampens hopes for rate cut
F&N to use cost management measures
Caring for an ageing population
Naza makes entry into green economy
CapBay aims to provide financing to more SMEs
New initiative for infrastructure needs in Perak
Ocean Fresh seeks ACE Market listing

Others Also Read