Duo not responsible for 1MDB losses, court told

KUALA LUMPUR: Former 1Malaysia Development Bhd (1MDB) chief executive officer Arul Kanda Kandasamy and its former chairman Tan Sri Mohd Irwan Serigar Abdullah cannot be liable for losses incurred by the company due to irregularities committed by others, the High Court was told.

Counsel Sanjay Mohan, who acted for Arul Kanda, submitted that the issue pertaining to 1MDB’s financial losses was raised in 2014, a year before his client’s appointment in the company.