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Thursday, May 31, 2018

Khazanah announces Najib's resignation

Former prime minister Najib Abdul Razak has resigned as Khazanah Nasional chairperson effective today, the sovereign wealth fund said in a statement.
The announcement came just hours after Finance Minister Lim Guan Eng hinted that Najib should resign from Khazanah's board of directors.
It is unclear if Najib had tendered his resignation before or after Lim's prodding.
Previously, The Malaysian Reserve reported that Najib and two others, former second finance minister Johari Abdul Ghani, and former Treasury secretary-general Irwan Serigar Abdullah, were still on the Khazanah board.
However, Khazanah clarified in its statement today that Irwan had resigned as of May 23 while Johari resigned yesterday.
Lim urging Najib to resign came after he was asked whether the latter would be removed from the sovereign wealth fund.
Meanwhile, Najib's brother, Nazir Abdul Razak, is still listed on Khazanah's website as a director and a member of its audit and risk committee. -Mkini

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