The Ministry of Finance must come clean on 1MDB president Arul Kanda’ sudden removal from key positions in Bandar Malaysia Sdn Bhd and TRX City Sdn Bhd, said a DAP lawmaker.
According to Tony Pua, Arul’s removal from the two entities was “a big, big thing”.
The Petaling Jaya Utara MP questioned the removal, saying Arul was integral to the deal signed between Bandar Malaysia and Iskandar Waterfront Holdings (IWH) with the China Railway Engineering Corp (CREC) consortium.
Pua said there are now queries about Arul’s alleged conflict of interest in the matter.
“What is the conflict of interest involved? He was removed from the two companies just two days after the collapse of the Bandar Malaysia-IWH-CERC deal. It cannot be a coincidence,” he told a press conference after speaking at the “1MDB scandal: What next?” forum in Penang last night.
Contacted today, Pua said he wanted Arul to reveal the “real reasons” behind his removal.
“If he does not explain about his removal, or about any conflict of interest involved, it will raise suspicion,” he added.
Removal raised eyebrows
Arul had said that his removal from the two entities was the prerogative of Minister of Finance Inc (MOF Inc), the new owner of both Bandar Malaysia and TRX City.
However, a source claimed that Arul Kanda was not informed about the termination of the RM7.41 billion deal although he was a board member of both companies.
The collapse of the Bandar Malaysia deal came as a shock among the business circles because it was so sudden, and with the deal having been inked with much fanfare back in 2015.
Situated where the former Sungai Besi airport used to be, the project was slated to house a transport hub and a digital free trade zone.
Prime Minister Najib Razak cancelled his trip to the site unannounced, while TRX City, the landowner, declared that the deal with the IWH-CREC consortium was off.
Prime Minister Najib Razak cancelled his trip to the site unannounced, while TRX City, the landowner, declared that the deal with the IWH-CREC consortium was off.
TRX City said the consortium did not meet payment obligations for its 60 percent stake – a claim that the consortium disputed.
1MDB had earlier bought the prime land from the federal government at a low price and marketed it as Bandar Malaysia and Tun Razak Exchange (TRX).
The troubled state firm had attempted to divest its assets, including Bandar Malaysia, as a means of settling billions of ringgit in outstanding debts.
– M’kini
Assalamu alaikum warohmatullahi wabarakatu.
ReplyDeleteSaya ingin berbagi cerita siapa tau bermanfaat kepada anda bahwa saya ini seorang TKI dari johor bahru (malaysia) dan secara tidak sengaja saya buka internet dan saya melihat komentar bpk hilary joseph yg dari hongkong tentan MBAH WIRANG yg telah membantu dia menjadi sukses dan akhirnya saya juga mencoba menghubungi beliau dan alhamdulillah beliau mau membantu saya untuk memberikan nomer toto 6D dr hasil ritual beliau. dan alhamdulillah itu betul-betul terbukti tembus dan menang RM.457.000 Ringgit selama 3X putaran beliau membantu saya dan beliau juga membantu untuk melariskan usaha/dagangan saya, saya tidak menyanka kalau saya sudah bisa sesukses ini dan ini semua berkat bantuan MBAH WIRANG,saya yang dulunya bukan siapa-siapa bahkan saya juga selalu dihina orang dan alhamdulillah kini sekarang saya sudah punya segalanya,itu semua atas bantuan beliau.Saya sangat berterimakasih banyak kepada MBAH WIRANG atas bantuan nomer togel Nya. Bagi anda yg butuh nomer togel mulai (3D/4D/5D/6D) atau anda yg punya usaha ingin melancarkan usaha anda jangan ragu atau maluh segera hubungi MBAH WIRANG di hendpone (+6282346667564) & (082346667564) insya allah beliau akan membantu anda seperti saya...