"The Idea of 1 Malaysia Development Berhad (1MDB) was a good and nobel idea which has achieved a lot of strategic objectives, unfortunately there were a number of challenges along the way, and rationalisation plan will take place" said Arul Kanda Kandasamy the President and Group Executive Director, during the talkshow ‘Bernama TV with Arul Kanda’ with respect to 1MDB helmed by host Suriati Sanusi and deputy editor-in-chief (economic service) Mikhail Raj Abdullah, yesterday at 10.00 pm.
Arul insisted that 1MDB should be given an opportunity to implement the plan to ensure that he and his team will meet the service obligation, to reduce the level of debt , while working with the local authorities of the country to provide them with information as part of the investigations.
Hopefully the public will provide some space for Arul's team in order to maximize the asset values so that they do not have to go back to the government in order to implement their plan.
And it could be done accordingly without much unwanted speculation that might hinder the progress of the rationalization plan that is now being implemented.
" So that is my hope, to be able to provide an update once we