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KUALA LUMPUR: The nine members of the council, including Azman Mokhtar, head of the $ 39 billion Algerian sovereign fund Khazanah Nasional, resigned in response to critics by Prime Minister Mahathir Mohamad
Khazanah confirmed the resignations in a statement. Thursday (July 26), saying the movement "will facilitate a smooth and orderly transition under the new government".
"The current council has been honored to serve, and it considers it appropriate to offer the new Government discretion and reaffirm the prerogative to form the new council, "said Mr. Khazanah.
" We will issue a new statement once we have more details on the replenishment of the commission ", he said. he added.
Local media reported that the resignations were in response to Dr. Mahathir's criticism of the management of government-related corporations (GLC).
READ: Days of Government Business Leaders In an interview with the Hong Kong-based Investine Information Portal, released earlier this month, Dr. Mahathir said that GLC senior executives earn salaries high independent the performance of their companies. 19659002] "The GLC inevitably lose money, but the salaries of these people are very high and they appreciate all this without worrying about whether the company makes a profit or not," he said. he says.
READ: Central Bank, Khazanah Fund Former Malaysian Prime Minister Najib Razak resigned as Khazanah's president in May following the loss of his Barisan Nasional coalition in the general elections of the Pakatan Harapan coalition led by Mahathir
Finance Minister Lim Guan Eng said the Khazanah funds were used by the previous government to deal with some scandalous state fund obligations 1Malaysia Development Berhad (1MDB).
Khazanah's current board of directors consists of nine members, including Najib Nazir Razak's brother.
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