1MDB boss Arul Kanda stays on another year to tie up loose ends

After Mr Arul Kanda took over as 1MDB chief in 2015, he soon found himself in the middle of Malaysia’s biggest political maelstrom. But yet, he has accepted the government’s request to extend his employment for another year.

KUALA LUMPUR - Mr Arul Kanda got more than he bargained for when he signed up to be president and chief executive of 1Malaysia Development Bhd (1MDB) in 2015.

Brought in for his corporate restructuring expertise to fix the state fund's crippling debt totalling RM42 billion (S$14.2 billion), the former chief investment banker at Abu Dhabi Commercial Bank soon found himself in the middle of Malaysia's biggest political maelstrom.

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