Najib, Johari, Irwan Resign from Khazanah

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Heeding Lim Guan Eng’s call “to do the right thing”.

Datuk Seri Najib Tun Razak has resigned as Chairman of Khazanah Nasional Bhd’s board with immediate effect.

The government’s strategic investment fund said Datuk Seri Johari Abdul Ghani and Tan Sri Dr Mohd Irwan Serigar Abdullah have also stepped down as members of the board, effective May 30 and May 23, respectively.

Johari was formerly the Second Finance Minister while Irwan held the post of Treasury Secretary-General.

Khazanah Nasional is the strategic investment fund of the government, entrusted to hold and manage the collective assets of the government and to undertake strategic investments.

The sovereign wealth fund is involved in various sectors such as power, telecommunications, financial institutions, healthcare, aviation, infrastructure, leisure & tourism, property, creative & media, education, and innovation & technology.

Some of the key listed companies in Khazanah’s investment portfolio include Telekom Malaysia Bhd, Tenaga Nasional Bhd, CIMB Group, Axiata Group Bhd, IHH Healthcare Bhd, Malaysia Airports Holdings Bhd and UEM Sunrise Bhd.

Earlier, Finance Minister Lim Guan Eng said the federal administration expects government appointees to “do the right thing and resign” with regard to their posts.

“We want them to do the right thing. The sooner the better,” Lim said when asked in a press conference on the fate of former government appointees in government-linked companies.