PUTRAJAYA has removed Arul Kanda Kandasamy from the Bandar Malaysia and Tun Razak Exchange company boards, citing “potential conflicts of interest” in the fallout from the aborted Bandar Malaysia deal with the IWH-CREC consortium.

However, he remains president of 1Malaysia Development Bhd (1MDB), the scandal-hit state investor taken over by the Ministry of Finance (MoF) last year. Arul Kanda was Bandar Malaysia Sdn Bhd board chairman and TRX City board member.