PNB views SC statement on ex-PNB president with 'great seriousness'


  • Corporate News
  • Friday, 19 Jun 2020

Jalil Rasheed served as PNB’s president and group chief executive for barely nine months. He was appointed to the post on Oct 1,2019.

KUALA LUMPUR: Permodalan Nasional Bhd (PNB) said it viewed the Securities Commission's (SC) public statement over the appointment of the former president and group chief executive Jalil Rasheed with “great seriousness”.

PNB said on Friday it had set up an inquiry team to investigate the regulator's public statement over the appointment.

“PNB views the public statement with great seriousness, and wishes to state that it has established an inquiry team to investigate into this matter, ” it said.

It also said that it had made an initial response to the SC on Friday, adding that a more detailed reply would be forwarded to the SC once the inquiry is completed in the very near term.

“PNB will continue to extend its full co-operation to the SC and any other relevant authorities in relation to this matter, as has been done in all our previous dealings with the regulatory authorities.

The SC had on Thursday said there were discrepancies have been found in the submission by PNB to the SC with regard to Jalil's academic and working credentials.

StarBiz reported that this was despite PNB's earier declaration that all information provided in its submission to seek SC’s approval for Jalil’s appointment as “true and correct”.

The SC had said it was notified of the discrepancies recently and has since received confirmation on the matter.

The announcement by the regulator came following the recent public scrutiny on Jalil, after he resigned abruptly from his post, citing harassment and safety concerns.

Jalil served as PNB’s president and group chief executive for barely nine months. He was appointed to the post on Oct 1,2019.

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