Why did Arul Kanda Kandasamy take on the 1MDB role?

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Arul Kanda Kandasamy's Motivations for Taking the 1MDB Role Remain Unspecified

The reasons behind Arul Kanda Kandasamy's decision to assume the positions of President and Group Executive Director at 1Malaysia Development Berhad (1MDB) in January of the current year are not explicitly detailed. However, veteran newsman Datuk A. Kadir Jasin has publicly expressed bewilderment regarding Arul Kanda's willingness to accept such a role, given the significant legacy issues and billions of ringgit involved in the company's affairs.
Puzzling Decision Amidst Financial Controversies

Datuk A. Kadir Jasin finds it difficult to comprehend why Arul Kanda Kandasamy would choose to risk his professional reputation by taking on the leadership of 1MDB. This sentiment stems from the substantial financial entanglements and controversial deals that have plagued the state-owned fund, involving sums that run into billions of ringgit.
Inherited Debts and Questionable Asset Purchases

One area of concern highlighted is 1MDB's acquisition of ageing Independent Power Producers (IPPs) for RM12 billion, which came with an additional RM6 billion in inherited debts, bringing the total financial burden to RM18 billion. Kadir noted that many of these purchases were likely overpriced, especially considering the age of the power plants and the approaching expiry of their concessions, with the exception of Jimah Power, whose franchise ends in 2033.
Abroad Investments and Potential Misappropriation

Further scrutiny is directed towards 1MDB's overseas cash investments, where figures like Jho Low are prominently mentioned. Concerns have been raised about potential 'sleight of hand' enriching specific parties. These include US$1.1 billion reportedly held in BSI Bank in Singapore, a RM6.1 billion transaction with Hong Kong-based Brazen Sky Limited, RM4.2 billion allocated to Aabar Investment, and RM5.1 billion designated for GIL funds.

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Why did Arul Kanda Kandasamy take on the 1MDB role?

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