Action will be taken against any wrongdoing found in controversial state investment fund 1Malaysia Development Bhd (1MDB), Prime Minister Datuk Seri Najib Tun Razak said.
“The Public Accounts Committee last week submitted its report to Parliament. It identified weaknesses in 1MDB's structure and management, and as I said last week, we must ensure that lessons are learnt.
“Action will be taken if any evidence of wrongdoing is found. In addition 1MDB’s board of directors has offered their resignation” Najib said in his keynote address at the 12th Invest Malaysia (IMKL2016) here on Tuesday.
However in defence of 1MDB, which the Prime Minister said had been a subject of wild allegations, he said there would be evident legacy of the fund when Tun Razak Exchange and Bandar Malaysia projects are completed.
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“The Public Accounts Committee last week submitted its report to Parliament. It identified weaknesses in 1MDB's structure and management, and as I said last week, we must ensure that lessons are learnt.
“Action will be taken if any evidence of wrongdoing is found. In addition 1MDB’s board of directors has offered their resignation” Najib said in his keynote address at the 12th Invest Malaysia (IMKL2016) here on Tuesday.
However in defence of 1MDB, which the Prime Minister said had been a subject of wild allegations, he said there would be evident legacy of the fund when Tun Razak Exchange and Bandar Malaysia projects are completed.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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