KUALA LUMPUR (May 24): Finance Minister Lim Guan Eng has slammed scandal-ridden 1Malaysia Development Bhd’s (1MDB) president and chief executive officer Arul Kanda Kandasamy for being “utterly dishonest and untrustworthy”, and instructed the ministry’s legal advisers to review his position in 1MDB.

The strong statement came after Guan Eng had a meeting with Arul Kanda yesterday, together with former 1MDB chief financial officer (CFO) Azmi Tahir and former general counsel Ivan Chen.

On the same day, he also met with two 1MDB directors, Datuk Norazman Ayob and Datuk Kamal Mohd Ali, who confirmed that 1MDB was “insolvent” and was unable to repay its debts. Azmi also wrote to the ministry of finance (MoF) in March 2018 saying 1MDB would not be able to service its interest due in April and May this year, Guan Eng said in a press release.

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