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FMT News Pua wants Arul Kanda sacked for USD7b ‘cover up’
The 1MDB Chief has allegedly failed to address incompetence, covering up and colluding with fraudsters who have caused billions of dollars of losses, says DAP lawmaker.
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KUALA LUMPUR: The chairman of the new 1MDB Board, Irwan Serigar, must direct 1MDB President Arul Kanda Kandasamy to immediately supply all documentary information and evidence pertaining to the 1MDB Scandal, demanded Petaling Jaya Utara MP Tony Pua in a statement on Wednesday.
“These must be tabled for the very first Board meeting.”
If Arul Kanda fails to satisfactorily explain the massive USD7 billion unaccounted funds, for example, then the Board of Directors have now within their powers, after the removal of Article 117, to sack Arul Kanda, pointed out Pua who is also DAP National Publicity Secretary. “He must be sacked for incompetence, covering up and collusion with the fraudsters who have caused billions of dollars of losses for Malaysians.”
The new Board, stressed the MP, must carry out its fiduciary duties to the government and tax-payers. “It should ensure that the ‘rogue management’ complies with all required practices of good governance and corporate accountability.”
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