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Explain conflict of interest in Arul's removal, Pua urges MOF

Low Chia Ming

Published
Modified 9 May 2017, 9:45 am

The Ministry of Finance must come clean on 1MDB president Arul Kanda' sudden removal from key positions in Bandar Malaysia Sdn Bhd and TRX City Sdn Bhd, said a DAP lawmaker.

According to Tony Pua, Arul's removal from the two entities was "a big, big thing".

The Petaling Jaya Utara MP questioned the removal, saying Arul was integral to the deal signed between Bandar Malaysia and Iskandar Waterfront Holdings (IWH) with the China Railway Engineering Corp (CREC) consortium.

Pua said there are now queries about Arul's alleged conflict of interest in the matter.

“What is the conflict of interest involved? He was removed from the two companies just two days after the collapse of the Bandar Malaysia-IWH-CERC deal. It cannot be a coincidence,” he told a press conference after speaking at the "1MDB scandal: What next?" forum in Penang last night...

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