Did Arul Kanda have personal knowledge of jewellery purchases for Rosmah?

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Arul Kanda Denied Personal Knowledge of Jewellery Purchases for Rosmah

Arul Kanda Kandasamy, the former chief executive officer of 1Malaysia Development Berhad (1MDB), stated in the High Court that he possessed no personal knowledge regarding the use of 1MDB funds to acquire jewellery valued at US$1.3 million for Datin Seri Rosmah Mansor. He confirmed that the United States Department of Justice (DOJ) complaint referenced the purchase of these items, which comprised 27 assorted gold necklaces and bracelets, using funds from Blackrock Commodities (Global) Limited.
Confirmation of DOJ Complaint Details

During proceedings in the High Court, Arul Kanda was presented with the US Department of Justice's complaint by 1MDB's counsel, Raphael Kok Chi Ren. This complaint, dated June 2017, detailed allegations concerning the misappropriation of 1MDB funds. Specifically, it was pointed out that monies originating from Blackrock Commodities (Global) Limited were allegedly used to procure jewellery for Rosmah.
Specifics of the Jewellery Purchase

The DOJ's complaint, as referenced in court, outlined that the funds in question were allocated for the purchase of 27 assorted gold necklaces and bracelets. The total value of this jewellery acquisition was stated to be US$1.3 million. Arul Kanda acknowledged that this information was contained within the DOJ's complaint but reiterated his lack of direct personal awareness of the transaction.
Broader Allegations in Lawsuit

The testimony occurred during the trial concerning 1MDB's lawsuit seeking US$6.59 billion against Arul Kanda and former chairman Tan Sri Mohd Irwan Serigar Abdullah. The broader lawsuit, filed in May 2021, accused both defendants of breach of trust and conspiracy, leading to alleged losses of US$1.83 billion linked to the company's investments. 1MDB also alleged misappropriation of substantial funds paid to other entities, including Aabar Investments and International Petroleum Investment Company.

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Did Arul Kanda have personal knowledge of jewellery purchases for Rosmah?

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