IslamicFinance.de

Today, the country's business fraternity received news about the resignation of 1Malaysia Development Berhad's board of directors following the release of the Public Accounts Committee (PAC) report on the national strategic investment company. The key people behind 1MDB are Tan Sri Lodin Wok Kamaruddin, Chairman, and Arul Kanda President and Group Executive Director, among others. Tan Sri Lodin Wok Kamaruddin is the Chief Executive of Lembaga Tabung Angkatan Tentera since August 1982 and the Group Managing Director and Deputy Chairman of Boustead Holdings Berhad. Arul Kanda joins 1MDB from Abu Dhabi Commercial Bank where he was Executive Vice-President and Head of Investment Banking.