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1MDB clarifies appointment of new exco chairman

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Written by Syndicated News

KUALA LUMPUR — July 10, 2018: 1Malaysia Development Berhad (1MDB) has clarified that the appointment of Datuk Mohammad Faiz Azmi as chairman of the newly-formed executive committee is part of the scope and services provided by PricewaterhouseCoopers Advisory Services Sdn. Bhd. (PwC). He represents PwC.

In a statement today, 1MDB said PwC is assisting the board and the exco in recovering assets and managing the company’s debt.

On June 25, 1MDB said it had formed the exco to manage the company, with Datuk Faiz, Datin Rashidah Mohd. Sies and Datuk Wan Mohd Fadzmi Wan Othman as members. — Bernama

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