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New appointment at Malaysia's controversial state-backed fund ignites concerns

Arul Kanda, newly appointed president and group executive director of Malaysia's state investor 1Malaysia Development Bhd (1MDB), poses for photographs at the head office in Kuala Lumpur on Jan 7, 2015.


THE bewildering and sudden helm change at Malaysia's controversial 1Malaysia Development Bhd (1MDB), more so as the state-backed fund prepares for a delayed but desperately-needed stock offering of its energy assets, has roused concerns that the fund's financial woes may be