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KUALA LUMPUR: Malaysian Prime Minister Mahathir Mohamad has been appointed chairman of the board of directors of Khazanah Nasional Berhad, with immediate effect, the prime minister's office announced on Monday (July 30th) in a statement.
Mohamed Azmin Ali, Mohd Hassan Marican, Sukhdave Singh and Goh Ching Yin were also appointed as directors of the sovereign wealth fund.
The appointment of the general manager of Khazanah Nasional would be announced at a later date, the statement added
. Khazanah Nasional's nine directors, including chief executive Azman Mokhtar and chairman of the executive committee Nor Md Yusof, resigned on 26 July to allow the new government to decide on the fund's management.
Central Bank, Khazanah Funds Used for Payments of 1MDB
Former Malaysian Prime Minister Najib Razak resigned from his position as Khazanah's President in May after losing his Barisan Nasional coalition to the Pakatan Harapan coalition led by Mahathir. 19659008] [19659109] Advertisement
Finance Minister Lim Guan Eng said the Khazanah funds had been used by the previous government to deal with some of the debts of the state fund scandalized by the scandal 1Malaysia Development Berhad (1MDB). , the nine members of the Khazanah board of directors resigned in response to Mahathir's criticisms of the management of government-related corporations
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