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1MDB's new boss sets record straight on key niggling issues

Funds redeemed from Cayman investments won't be repatriated, he says

MR ARUL: 'If I were to find any trace or evidence of wrongdoing - no matter how big or small - I would immediately initiate a thorough investigation and take appropriate measures.'


MALAYSIA's state-owned 1Malaysia Development Berhad (1MDB) has no plans to repatriate some US$1.103 billion redeemed from its investments in Cayman Islands-registered funds as it will be used to service interest payment on US dollar debts, said the firm's newly appointed boss