1MDB: PwC man appointed as our chair as part of its services

12-Jul-2018 Intellasia | Malay Mail | 6:02 AM Print This Post

PwC Malaysia executive chair Datuk Mohammad Faiz Azmi was appointed as chair of 1Malaysia Development Berhad’s (1MDB) executive committee as part of the audit firm’s services, the state investment firm clarified today.

1MDB clarified Mohammad Faiz’s recent appointment as the chair of the exco representing PricewaterhouseCoopers Advisory Services Sdn Bhd (PwC).

“Pursuant to the announcement made on the appointment of the Exco members on 25 June 2018, the Board of directors is pleased to clarify that Dato’ Mohammad Faiz Azmi’s appointment as the Chair of the Exco is part of the scope and services provided by PricewaterhouseCoopers Advisory Services Sdn Bhd (PwC) to 1MDB.

“PwC is assisting the Board and the Exco in recovering 1MDB’s assets and in managing the Company’s debt,” 1MDB’s board of directors said in a statement today.



Category: Malaysia

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