Ex-1MDB CEO Arul Kanda Claims No Knowledge of Auditors' Sudden Replacement
2025-01-16
Free Malaysia Today
Former 1MDB CEO Arul Kanda Kandasamy revealed in the High Court that he didn't investigate the reasons behind the resignation or termination of two audit firms, Ernst & Young and KPMG, from 1MDB. This shocking testimony raises questions about the financial management of the beleaguered state fund. As the trial unfolds, concerns about audit quality and financial transparency are likely to come under scrutiny. With key players being questioned, the 1MDB scandal continues to be a major financial news story, sparking discussions on corporate governance and accountability. The case is being closely watched by financial analysts and industry experts.