Permodalan Nasional Bhd (PNB) had set up an inquiry team to investigate alleged discrepancies over the academic qualifications and work experience of its former president and group chief executive Jalil Rasheed.
The country’s largest state-owned fund said the action was related to a statement issued by the Securities Commission Malaysia (SC) yesterday over the submission of information for Jalil's appointment to those positions.
"PNB views the public statement with great seriousness and wishes to state that it has established an inquiry team to investigate into this matter.
"An initial response to the SC has been made today, and a more detailed reply will be forwarded to the SC following the completion of the inquiry in the very near term," PNB said in a statement.
The state fund said it would continue to extend its full co-operation to the SC and other relevant authorities in relation to the matter, as had been done in all its previous dealings with regulators.
Yesterday, the SC said it was recently notified of the discrepancies in PNB’s submission of information in relation to its former president and group chief executive's academic qualifications and work experience.
“The SC had sought clarification from relevant parties regarding these discrepancies. PNB’s response to the SC’s enquiries is still pending," the SC said.
- Bernama
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