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Malaysian central bank governor resigns

Malaysia's central bank governor Muhammad Ibrahim submitted his resignation, Prime Minister Mahathir Mohamad has said.
Malaysian central bank governor resigns ảnh 1Malaysia's central bank governor Muhammad Ibrahim (Source: Bernama)
Hanoi (VNA) – Malaysia's central bank governor Muhammad Ibrahimsubmitted his resignation, Prime Minister Mahathir Mohamad has said.

Speaking at a press conference on June 6, the PM said Ibrahim’sreplacement hasn’t been decided on as King Sultan Muhammad V needs to give hisapproval. The Government will meet the king as soon as possible for theappointment of a new central bank governor.

Former deputy central bank governor Nor Shamsiah Mohd Yunus is amongcandidates to replace him, according to some sources.

Muhammad Ibrahim, a Harvard University graduate, was appointed as centralbank governor in May 2016.

He resigned amid the Malaysian Government’s investigation into state development fund 1Malaysia Development Berhad (1MDB).

Also on June 6, newly appointedattorney-general Tommy Thomas told reporters on his first day in office that hewill institutecriminal and civil action over the graft scandal at 1MDB.-VNA
VNA
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