Puchong, 19 April: I like the way the Transparency International Malaysia positioned itself following Nazir Razak's decision to go on leave to allow investigation into a three-year old US$7 million transfer into his personal account. "Noble," according to its president Akhtar Satar. "Other Malaysians in a similar position should show such a good example," he says. "Class act," Tony Fernandes describes his friend's move, h e r e. Which is all very well. I, too, hereby applaud Nazir for his timely decision.
Just as I applaud the decision of the Board of the 1MDB to offer their resignation over the "weaknesses" in management and in governance found by the Public Accounts Committee. (PAC) Yes, Mr Akhtar Satar, the entire Board of Directors tendered their resignation, collectively, right after the PAC report was tabled in Parliament two weeks ago!
Akhtar SatarThe bipartisan PAC (whose membership includes DAP parliamentarian Tony Pua, easily the most badass critic of the 1MDB after Tun Mahathir Mohamad) had found no criminal wrong-doing [1MDB parliamentary probe blames ex-CEO for weaknesses, NST 7 April] ,and yet the entire Board of Directors had offered to resign so as to allow for investigation by the authorities into the various allegations made against the Fund.
I think that was noble and a class act, too. I don't remember anyone in recent Malaysian history doing what the 1MDB directors did, even before evidence of any criminal wrongdoing,