1MDB chief executive officer Arul Kanda Kandasamy is unsure of the value of the firm's "fund units" investments or whether these exist, according to Finance Minister Lim Guan Eng.

"Arul Kanda... claimed that all financial matters were handled strictly by the CFO (chief financial officer) and he is absolutely uncertain as to what the value of these 'investments' are, or whether they even exist in the first place," he said...