Nazir takes 1MDB board to task


SINGAPORE: Prominent banker Datuk Seri Nazir Razak (pic) took the board of 1Malaysia Development Bhd (1MDB) to task and said that its directors should resign if they were unable to come clean and explain the poor financials of the fund.

He opined that the fundamental problem with 1MDB was that the board and management were not facing the public and instead were waiting for the Auditor-General (AG) to verify the books, something that he described as being irresponsible.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , nazir , lodin , 1mdb , board , task , resign ,

Next In Business News

Ringgit likely to trade cautiously next week ahead of key US data
Powering a new reinvestment cycle as demand surges
Up in Arms - or up the value chain?
Asia bonds for diversification
Singapore’s financial sector a big winner
Smart city can’t beat the traffic
AI disruption fears rock markets
Private equity hits a sixer
Dubai luxe property keeps booming
US LNG exporters lead in gas use

Others Also Read