Malaysia's finance ministry appoints new 1MDB board of directors

May 31, 2016 7:04 AM

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KUALA LUMPUR May 31 Malaysia's finance ministry announced on Tuesday a new board of directors for scandal-hit 1Malaysia Development Berhad (1MDB), after the previous board was dissolved following a parliamentary inquiry into the state fund.

The new three-member board would be chaired by Mohd Irwan Serigar Abdullah, secretary-general of treasury for the finance ministry, and includes Norazman Ayob, senior private secretary to the chief secretary of government, and Kamal Mohd Ali, chief operating officer of Prokhas Sdn Bhd, an advisory a...

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