Khazanah managing director Azman Mokhtar and 8 others have reportedly signed undated resignation letters.

PETALING JAYA: Nine directors of Khazanah Nasional, including its managing director Azman Mokhtar and executive chairman Nor Md Yusof, have resigned to allow the new government to decide the leadership of the sovereign wealth fund, according to Singapore’s The Straits Times.

The paper said they signed undated resignation letters during a special board meeting on Tuesday.

The other Khazanah directors comprising prominent bankers and corporate figures are Nazir Razak, Nirmala Menon, Mohamed Azman Yahya, Mohammed Azlan Hashim, Yeo Kar Peng, Andrew Sheng Len Tao and Raja Arshad Raja Uda.

The decision comes weeks after Prime Minister Dr Mahathir Mohamad criticised Khazanah for deviating from its initial purpose of helping Bumiputeras.

“It is quite obvious now that they are doing all kinds of funny things. They are buying houses and they are taking over companies,” he said early this month.

Khazanah had later responded by saying it would seek clarification from Putrajaya on its mandate and investments.

Khazanah was established in 1993 to manage commercial assets owned by the federal government and to undertake strategic investments.

http://www.freemalaysiatoday.com/category/...se-says-report/

WTF?? Established in 1993 but not sure about its mandate? Fuckers supposed to make national level investments, not goreng properties lah!

Perasaan tersinggung le tewwww... time for investigations.

hehe untouchable merajuk kena sounded by Tun M

We do know what resigned means... They are fired to be more exact. lol

kena kritik sikit merajuk
stupid

Maybe because of this -

https://www.malaysiakini.com/news/432968
PM mahu Khazanah kembali ke teras bantu bumiputera

But I thought Khazanah wasn't so much for the Bumiputera agenda but it is a sovereign fund for Malaysia.......

good! wipe them all

Lousy former FM forced them to do stupiak investments.

Welcome back nor Mohamed yackob

Yeah.

I think DrM is confusing Khazanah with PNB...

Tun is merciful. Give them chance to resign instead of sacked like Apandi bahalol, their dignity still intact. Apandi? Lel only crooks alike will want him, almost become UMNO supreme council some more.

Sudah kenyang makan lari lo. Pencen di bunglo overseas.

But Khazanah wasn't set up to cater to the Bumiputera agenda. I thought it was just a sovereign fund.

A bit of yes and no. yes, it's a sovereign fund. But, when Khazanah was created, their main objective is actually to increase Bumiputera participation in the equity market, inline with the NEP

Isn't that what PNB is? Sovereign fund, but for helping bumi?

I did take a look at their website to see what exactly are their objectives.

I found this -

http://www.khazanah.com.my/About-Khazanah/...hazanah-Mandate

Don't seem to mention Bumiputera agenda.

Still wants Khazanah to focus on bumi participation in local equity markets?

Now everyone is focusing on investing overseas because size in the local market is too small.

Now I hope Anwar takes over sooner. Hopefully he has a more global vision.

most likely Tun M confused

mandate?
Songlap kaw kaw whilst preaching the R&R!?