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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
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

Ekuinas acquires 80% stake in pharma ingredients producer Symbiotica
LPI Capital expected to lead in fire class insurance market
MKHOP makes market debut with 1.6% premium
K-Konsult and Vimigo in investment collaboration
Plant in fire outbreak not Kossan unit
Capital A positive about higher returns this year
Bangkok airports set for US$4.8bil expansion
Signs of progress in the heart of a global methane hotspot
Kucingko to be first animation studio to be listed
Tasco posts weak earnings due to international freight forwarding ops

Others Also Read