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KUALA LUMPUR: Arul Kanda Kandasamy, the former CEO of 1Malaysia Development Berhad , has told the High Court that he did not ask why the company's two auditors were terminated. Arul Kanda clarified that he did not inquire about the matter because he only joined the sovereign wealth fund in 2015.
Lim: Did you engage with the stakeholders of your former auditors, namely EY and KPMG, to understand why they resigned or were terminated?When asked by Judge Datuk Raja Ahmad Mohzanuddin Shah Raja Mohzan if he had seen reprimanded reports from KPMG, Arul Kanda replied:"I do not know if there are any reprimanded reports".
1MDB also alleged that both defendants committed breach of trust and conspiracy by misappropriating US$3.5bil in company funds paid to Aabar Investments and US$1.265bil paid to International Petroleum Investment Company on May 9, 2017.
Arul Kanda 1MDB KPMG Audit Lawsuit
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