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1MDB regrets Nazir's 'speculation' about adviser
Published:  Sep 8, 2015 7:44 AM
Updated: 11:43 AM

1MDB said today it regrets the remarks made by leading corporate figure Nazir Razak on the resignation of one of its advisers.

The Finance Ministry-owned company said Nazir, who is CIMB group chairperson, did not have all the information on the matter.

"We regret to note that today, third parties such as Nazir Razak, who have no direct knowledge of the facts, are issuing speculative opinions on certain statements made on Sept 7 by Abdul Samad Alias, a former member of the 1MDB board of advisers," 1MDB said in a statement this afternoon.

Samad (photo) revealed yesterday that he had resigned as a member of the 1MDB advisory board after his repeated requests for financial information about the company were ignored.

Nazir, who is also Prime Minister Najib Abdul Razak's brother, asked in an Instagram post today what kind of message was being sent if Samad's claim was true.

"Respected, honest professional appointed by the government and welcomed by the (1MDB) chairman with fanfare.

"But denied access to information by management. If this is true and tolerated, what message does it send to other GLC/agencies?" Nazir had written.

Speaking at the International Conference on Governance, Risk and Control yesterday, Abdul Samad, who was appointed to the 1MDB board on January 25 this year, said he had made several queries about the company for six months but received no response.

He finally resigned from the position on July 27 in protest.

1MDB in a statement yesterday said it "regretted" Abdul Samad's departure but did not address his claims.

However, in a more detailed statement today, the company insisted it did brief Abdul Samad about 1MDB's affairs on at least two occasions.

The 1MDB advisory board is headed by Najib.

The company is struggling to repay its US$11 billion debt and has embarked on a rationalisation plan.

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