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No wonder Arul Kanda told so many lies

August 1, 2018

Najib agreed to pay sacked 1MDB boss RM5 million for 6 months work

But Guan Eng to stop payment on RM2.5 million 2nd tranche, takes action to recover 1st ‘down-payment’

* Pua looks back at ‘maestro’ Arul’s ‘successes’ with 1MDB  

KUALA LUMPUR — Former Prime Minister Datuk Seri Najib Razak had signed off a RM5 million payment for former 1Malaysia Development Berhad (1MDB) chief Arul Kanda Kandasamy in January, Finance Minister Lim Guan Eng confirmed today.

Lim, however, said that his ministry now intends to recoup half of the payment that has already been given to Arul Kanda, and will not make the remainder of the payment that was due to the latter in June.

“In January this year, he was paid RM5 million. RM2.5 million was a down payment, and the balance after June 30.

“This was signed off by the former prime minister,” Lim told Dewan Rakyat today during his winding up speech for the motion of thanks to Yang di-Pertuan Agong.

Lim’s office later clarified to Malay Mail that the payment was signed off by former Treasury secretary-general Tan Sri Irwan Siregar, and not Najib.

Najib had instead approved the payment, it said.

Previously, Malaysiakini, quoting anonymous sources, reported that Arul Kanda was given an ex-gratia payment for six months’ work prior to the 14th general election.

Arul Kanda was sacked from 1MDB on June 29, for “breaching contract” and his “fiduciary duty” as the state investment firm’s head.

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From → Malaysia Upclose

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