This 1MDB scandal will raise more and more suspicion if Najib thinks that he can sweep the whole issue under the carpet. Not only DAP MPs will breathe down his neck, even some of the UMNO members will not let him get away. Quote: The Prime Minister (PM) must sanction an audit of state investor 1Malaysia Development Berhad and testify to the Public Accounts Committee, a DAP lawmaker said today in reaction to the recent change of its top brass. Petaling Jaya Utara MP Tony Pua said continuous changes to 1MDB’s top management clearly showed grave problems despite assurances that all was well. He added that PM Datuk Seri Najib Razak’s failure to give a public accounting would jeopardise the transparency and accountability of his administration. A company which claimed itself to be doing well and is in the midst of completing a massive US$3 billion initial public offering for its energy division would not, under normal circumstances be under-going a major management shake-up, Pua said in a statement today. This is especially since the 1MDB Chairman, Tan Sri Lodin Wok Kamaruddin has just taken the trouble to issue a lengthy statement to assure Malaysians that all is very well within the strategic development company. The Malaysian Insider reported yesterday that Mohd Hazem Abdul Rahman would step down as the companys managing director, chief executive officer and a member of the Board of Directors, and banker Arul Kanda Kandasamy would be appointed as its new chief. This was later confirmed by 1MDB, which is the brainchild of Najib and of which he is chairman of its advisory board. Pua said Hazem’s resignation and the immediate appointment of Arul only proved that all is really not well behind the steely façade which has been presented by both the company as well as the prime minister himself. Unquote - See more at: themalaysianinsider/malaysia/article/for-dap-rep-1mdbs-top-brass-change-spells-more-bad-news#sthash.KHZe3Xzy.dpuf
Posted on: Tue, 06 Jan 2015 03:44:56 +0000
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