Arul Kanda seeks access to deals between Jho Low and DoJ
Former 1MDB president and CEO Arul Kanda Kandasamy is seeking access to settlement agreements that the US Department of Justice reached with fugitive financier Low Taek Jho, or Jho Low.
Arul filed an affidavit to support his application to access the 2019 and 2024 agreements, saying they were important for his defence in 1MDB’s US$6.59 billion suit against him and former Treasury secretary-general Irwan Serigar Abdullah.
He also applied to obtain the updated statements of accounts concerning funds recovered by Putrajaya, the Treasury and 1MDB from their various settlements and legal actions, The Edge reported.
Arul said the company relied on the DoJ’s forfeitures to claim that the funds had been misused, but failed to reveal the cases involved…
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