Arul Kanda says he met Jho Low four years before joining 1MDB

KUALA LUMPUR: Former 1Malaysia Development Berhad (1MDB) chief executive officer Arul Kanda Kandasamy has told the High Court here that he met fugitive businessman Low Taek Jho, or Jho Low, in Abu Dhabi, four years before he joined the company. The first defendant was responding to a question from 1MDB's counsel Datuk Lim Chee Wee during...

‘I had no personal knowledge 1MDB funds used to buy jewellery for Rosmah’, Arul Kanda tells court

KUALA LUMPUR: Former chief executive officer of 1Malaysia Development Berhad (1MDB), Arul Kanda Kandasamy told the High Court here on Tuesday (Jan 14) that he had no personal knowledge that monies from the company’s funds were used to buy jewellery worth US$1.3mil for Datin Seri Rosmah Mansor. Arul Kanda said this when 1MDB’s counsel Raphael Kok...

Irwan fails in bid to involve six individuals as third parties in 1MDB suit

KUALA LUMPUR: Former 1Malaysia Development Bhd (1MDB) chairman Tan Sri Mohd Irwan Serigar Abdullah has failed in his bid to include six other individuals as third parties in the US$6.59bil (RM28.5bil) lawsuit filed against him by 1MDB. High Court Commissioner Raja Ahmad Mohzanuddin Shah Raja Mohzan granted the application of the six individuals to dismiss the...

Arul Kanda, Mohd Irwan cannot be liable for 1MDB’s losses, court hears

KUALA LUMPUR: The High Court here on Monday (July 23) was told that former 1Malaysia Development Berhad (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. Arul Kanda's counsel, Sanjay Mohan, submitted that...