PM must sack 1MDB bosses, Zeti must quit


Khairuddin Abu Hassan praises the Cabinet for rejecting 1MDB’s cash injection request and attacks the Bank Negara Governor for relying on hope.

(Free Malaysia Today) – A prominent critic of 1MDB has urged the Prime Minister to sack the entire governing board of the company as well as its CEO, saying they had failed in their moral and legal duties as evidenced in their recent request to the government for a RM3 billion cash injection.

The call was made by sacked Umno divisional leader Khairuddin Abu Hassan, who also said Bank Negara Governor Zeti Akhtar Abdul Aziz should resign for apparently ignoring the threat posed by 1MDB to the national economy.

In a statement given to FMT, Khairuddin congratulated Prime Minister Najib Abdul Razak and the Cabinet for rejecting the 1MDB request which he said was to “cover up the accumulating errors and misdeeds” of the company’s chairman and board of directors.

“Given this very sensible and pragmatic decision,” he said, “I should like to remind the Prime Minister of my prayer in December that the entire 1MDB board be sacked for failing in their duties, both legal and moral.

“In addition, the Prime Minister should also dismiss the newly appointed CEO, Mr Arul Kanda Kandasamy, who is clearly out of his depth and who, after much fanfare, can only think of turning to the rakyat for even more money to squander.

“Should the Prime Minister feel my prayer is out of order, then I would ask him to consider if the 1MDB board and senior management, entrusted as they are with Malaysia’s future development and her oil wealth, are anywhere near the calibre of men like Raja Tun Mohar Raja Badiozaman, Datuk Rastam Hadi and Tun Abdullah Salleh, whom his father, Tun Abdul Razak, appointed as economic managers and advisors.”

His call for Zeti’s resignation came in a separate statement which referred to reports of the central bank governor “expressing her hope that ratings agencies will give Malaysia a fair assessment” and not downgrade Malaysia’s sovereign ratings.