1MDB accepts adviser's resignation

1MDB accepts adviser's resignation

PETALING JAYA - Tan Sri Dr Abdul Samad Alias has resigned from the 1Malaysia Development Berhad (1MDB) board of advisers, said the government investment arm.

"Whilst we very much regret his departure, we fully respect his decision and wish him all the best in his future endeavours," said 1MDB in a statement on Monday.

It added that the 1MDB board of directors and shareholders "are fully and actively engaged in the 1MDB rationalisation plan".

"This is evidenced by the shortlisting of four parties to the final bidding stage for the sale of Edra, our energy subsidiary," said 1MDB.

It said that in relation to Bandar Malaysia, further to the receipt of 12 bids on Aug 28, 1MDB expects to shortlist preferred bidders before the end of this week.

"1MDB remains focused on implementation of its rationalisation plan and will issue further progress updates in due course," it added.

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