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INTERVIEW | Almost 10 years since the creation of 1MDB, a global investigation has established that businessperson Low Taek Jho and former Aabar executives Khadem Abdullah al-Qubaisi and Mohamed Badawy al-Husseiny were among the key movers of an alleged international money laundering scheme.

Interestingly, the same three figures emerged before the creation of 1MDB, but little attention was paid to them during that time.

One point of convergence was during Abu Dhabi Commercial Bank's (ADCB) purchase of a 24.9 percent stake in RHB Capital Bhd in 2008, and subsequent sale of the same stake to Aabar Investments PJS (Aabar) in 2011.

Coincidentally, current 1MDB CEO Arul Kanda Kandasamy, who was hired by ADCB two months after the stake purchase, was involved in disposing the RHB Capital shares to Aabar. Arul Kanda joined 1MDB at the tail end of 2014...


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