Report: Azman Mokhtar, Nazir Razak, seven others quit Khazanah board
All nine board members of sovereign wealth fund Khazanah Nasional, including managing director Tan Sri Azman Mokhtar have tendered their resignation, a Singapore daily reported today.
(MMO) – Citing unnamed government officials and financial executives, the Straits Times reported that the nine signed undated resignation letters after a meeting last Tuesday which have since been submitted to founder and Prime Minister Tun Dr Mahathir Mohamad to allow him to decide the fund’s leadership structure.
The reported mass resignations follow Dr Mahathir’s purported public criticism against Khazanah two weeks ago in which he said the fund had deviated from the original purpose of its creation — to support Bumiputera equity in Malaysia.
