1MDB boss gives up lucrative salary in Abu Dhabi for 'love of Malaysia'
By TEOH PEI YING - April 25, 2018 @ 11:54am
SUBANG JAYA: His love for the country prompts Arul Kanda Kandasamy to serve 1Malaysia Development Bhd (1MDB) to fix the turmoil at the governmentâs strategic development company.
âI earned more when I was working in Abu Dhabi, but as a Malaysian who has the ability in restructuring, banking and legislation, it is my duty to help and solve 1MDBâs issue,â said the chief executive officer of 1MDB to Barisan Nasionalâs official 14th General Election portal, theRakyat.
Arul was executive vice-president and head of investment banking at Abu Dhabi Commercial Bank as well as a board member of Kuwaitâs Global Investment House.
Arul said he was glad that his family members and close friends understood his duty as he was doing something ânobodyâ wanted to do.
He is not stressed by his task, contrary to some people âs perception.
âI want to be remembered as a Malaysian who has the ability and someone who has taken the responsibility to solve the turmoil.
âI am not stressed in managing 1MDB because I did nothing wrong. I did not cause the problem, I come to fix it,â he told the portal when met after the âBicara Subangâ talk organised by Kelab Sahabat N87 in USJ15 here last night.
FILE PHOTO: Workmen are pictured on site at the 1 Malaysia Development Berhad (1MDB) flagship Tun Razak Exchange development in Kuala Lumpur, Malaysia, March 1, 2015. REUTERS Photo
Arul explained that he was offered a â3+1â contract when accepting the 1MDB job three years ago. The contract ended on December 31 last year but was extended.
âWith mutual agreement, my contract was extended for another year as stated in the contract. The extension is to facilitate the handover of task on the issues that I am handling.â
On his next step once he left 1MDB, Arul said: âI think it is more appropriate for the board of directors and shareholders to make an announcement at the right time on my next step.â
Arul admitted that he felt frustrated when the opposition accused him for all the troubles faced by 1MDB.
âI understood that Malaysians are angry about what has happened to the company today, hence we are having this briefing session with the public.
âWhatever that they want, I am open and ready to answer,â he said.11,371 readsSource: Google News