1MDB: Disclose what needs to be disclosed and put it behind us, says CIMB's Nazir

  • Nation
  • Tuesday, 28 Apr 2015

KUALA LUMPUR: Issues pertinent to 1Malaysia Development Bhd (1MDB) should be put "behind us" as they could impact investors' sentiment towards Malaysia, CIMB Holdings Bhd chairman Datuk Seri Nazir Razak (pic) said.

He also reiterated and backed Governor Tan Sri Dr Zeti Akhtar Aziz's statement saying the 1MDB was not a systemic risk to Malaysia's financial system and the movement of the ringgit.

"But I think we probably should disclose (what needs to be disclosed) in order for people to have a full picture and allay concerns.

"My strong advice is to put this issue behind us," he told reporters after the group's annual general meeting on Tuesday.

He was responding to a question whether the 1MDB issue would bring any impact or risk to a wider financial system in Malaysia and the ringgit's performance.

Nazir has also dispelled speculation that the 1MDB concern has put some disagreement between himself and his brother, Prime Minister Datuk Seri Najib Tun Razak.

Also present was group CEO Tengku Datuk Zafrul Tengku Abdul Aziz.

1MDB is a strategic development company leading market-driven initiative to help transform Malaysia into a thriving economy, one that is highly competitive, inclusive and sustainable.

The company focuses on investments with strategic value and high multiplier effects on the economy, particularly in energy, real estate, tourism and agribusiness. - Bernama

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

1MDB , Nazir Razak , CIMB


Next In Nation

Lorry driver crushed to death by his own vehicle in Sepang
Congress on bronchology and interventional pulmonology to be held in Serdang Hospital from Aug 12-14
Boustead Holdings was never in the red when I was PM, claims Najib
Nurul Izzah to lead Penang, Kedah and Perlis to face GE15
Works Ministry ready to deal with floods
Court of Appeal: Citizenship for children born overseas if father is Malaysian
Datuk Seri among 25 nabbed at wild party in Janda Baik
Elderly woman believed to be part of tyre scam syndicate in Melaka
Dept heads must ensure only Malay language used at official functions
Decomposing body of woman found behind Tebobon petrol station

Others Also Read