Nazir takes 1MDB board to task

  • Business Premium
  • Friday, 15 May 2015

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.

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