How has Arul Kanda defended his work at 1MDB?

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Arul Kanda Defends 1MDB Tenure Amidst Allegations

Arul Kanda Kandasamy is seeking legal counsel to address what he describes as a malicious article that unfairly criticises his tenure at 1Malaysia Development Bhd (1MDB). He asserts that his efforts were aimed at rectifying significant pre-existing issues within the company and that his work has yielded positive results, including substantial debt reduction and successful project development. Arul Kanda has stated that any further action regarding this matter will be undertaken in his personal capacity.
Addressing Criticisms and Personal Attacks

Arul Kanda has responded to an article published in Malaysiakini titled “Arul Kanda and the lies of 1MDB” by P. Gunasegaram, which he deems to be malicious and filled with personal attacks. He contends that the writer's allegations regarding his achievements at 1MDB are preposterous and hurtful. Arul Kanda emphasised that he is open to constructive criticism and acknowledges that improvement is always possible, but he objects strongly to personal attacks and statements he considers potentially defamatory.
Framing His Role as a Difficult but Patriotic Duty

He described his appointment at 1MDB as taking on a role that "no one wanted," driven by a sense of duty as a patriotic Malaysian. Arul Kanda highlighted that the company had accumulated problems over a five-year period prior to his involvement, necessitating significant effort to repair and restore it. He stated that the past 36 months since he assumed leadership have involved "sheer hard work" to bring the company to a stable footing.
Highlighting Financial and Project Successes

Arul Kanda pointed to specific achievements as evidence of his successful efforts at 1MDB. He stated that the company's debts have been reduced from RM50 billion to RM31 billion during his leadership. Furthermore, he cited the success of the Tun Razak Exchange (TRX) project, noting that international investors such as HSBC and Prudential have chosen to establish their headquarters there, which he views as a testament to the project's viability and 1MDB's restored credibility.

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How has Arul Kanda defended his work at 1MDB?

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