PETALING JAYA: The right decisions have been made for 1Malaysia Development Berhad (1MDB) and these must be seen in context, said company president and executive director Arul Kanda Kandasamy (pic).
“When you look back in hindsight it is easy to point out what should have been done. Hindsight is 20-20.
“But what is important is that the right decisions were made and they have to be seen in the context in which they were made,” said Arul in an interview on TV3’s Soal Jawab programme on Wednesday night.
He acknowledged, however, that there are times when plans do not succeed due to “outside factors”.
“When we see the challenges, we have to take action. That is important.
“When things do not go according to plan, we have to make corrections and that is what the rationalisation plan is for,” he said.
He said earlier that there are many things that 1MDB does that can’t be seen by the public.
“When you reach to your switch to turn on your light, some of that power is provided by 1MDB,” said Arul.
“We are also currently building the eight camps which will be completed by 2018.
“And the Tun Razak Exchange (TRX) has RM3bil in infrastructure that can't be seen. It is below ground. When it is completed, buildings will rise and that you can see,” he said.
On the bad press the company has received, Arul maintained that he aimed to provide the truth and facts to keep the public updated.
“There have been 48 press releases issued by 1MDB and along with our Twitter and Facebook, this is how we have reached out to the rakyat to explain about 1MDB,” he said.
1MDB open to investigations, says Arul