24 Apr 2024, 12:58 Kuching
24 Apr 2024, 05:58 London
The board of directors of 1Malaysia Development Bhd (1MDB) had on Thursday morning collectively decided to offer its resignation to MoF Inc., which is the 100% shareholder.
The board said on Thursday this had been a difficult decision to take but “we believe is the right thing to do, given the circumstances, in order to facilitate any follow-up investigations as recommended by the PAC (Parliamentary Public Accounts Committee).”
Earlier on Thursday, the PAC had tabled the 106-page report on 1MDB in Parliament. It found that former 1MDB chief executive officer Datuk Shahrol Azral Ibrahim Halmi should be held responsible for the “weaknesses and constraints” faced by the state investment arm.
“We urge the authorities to conduct an investigation on Shahrol and those related,” said the PAC in a 106-page report.
Faced with the devastating and comprehensive findings of the Parliamentary Accounts Committee today, the entire Board of 1MDB have offered to resign.
It shows they know how to behave in the face of total loss of confidence and their boss the Minister of Finance must of course resign also… he should have done so months ago.
So, of course, must the present CEO, Arul Kanda, who has for the past year been defending every action of the company and his predecessors and in the process lied like no one has lied on earth.
Kanda knows this of course, which is why he last week did his best to announce he was ‘moving on’ and to jump ship, before Bugis Najib hooked him back on board.
Najib is in a mental place, however, which tells him he is untouchable. He plans to put poor, dim Sharhol into the same cell as Sirul, where together they can write letters demanding this and that for future reward and be forgotten about.
This protects him from thinking the unthinkable, which is that justice may yet ensnare the Grand Corsair!
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