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Prime Minister Dr. Mahathir took over the reins of Khazanah Nasional Berhad following the mass resignation of his board of directors.
The Prime Minister's Office announced tonight that Mahathir would serve as President while the Minister of Economic Affairs Azmin Ali Mohd Hassan Marican, also a member of the Council of Eminent Persons, Sukhdave Singh and Goh Ching Yin
Sukhdave was the Former deputy of Negara Bank. Governor while Goh is a director of Maybank Berhad Asset Management Group and former executive director of market development for the Securities Commission.
Former Prime Minister Najib Abdul Razak resigned as president of Khazanah on May 31. BN was defeated in the 14th general election.
Sukhdave resigned from his Bank Negara post in November last year, one month before his retirement age, citing "professional expectations".
"When I find myself in circumstances where these expectations can no longer be met, there would have been no other decision for me," he said in a letter without specifying the reasons.
Negara Bank, which had two months later in January 2018, announced the acquisition of a land of 22.5 hectares by the government for 2 billion RM
Putrajaya, under the BN government, then used the fund to settle 1MDB due to
Then the governor of Negara bank, Muhammad Ibrahim, resigned following the takeover of the federal government by Pakatan Harapan
The Prime Minister's Office announced that the director general of Khazanah would be appointed at a later date. Mahathir, after leading Pakatan Harapan into federal power, refused several applications for the appointment of Khazanah's chief executive, Azman Mokhtar, which resulted in the resignation of his nine-member board of directors.
hathir accepted resignations, citing "maleficence", but did not elaborate.
The Straits Times previously reported that Mahathir was upset at the investment of 3 billion RM Khazanah in the Swiss bank UBS.
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