Ahmad Sarji and the PNB board may be compelled to appoint receivers to 1 MDB
by Ganesh Sahathevan Tun Ahmad Sarji and the Permodalan Nasional Bhd board may be under a duty and therefore compelled to appoint receivers to 1 MDB. As previously reported, the 1 MDB Sukuk facility default provisions have been triggered and RM 2.4 billion may be payable immediately. It has been reported (and PNB has dutifully denied) that PNB bought RM579.2 million of that 1MDB sukuk issue. Given the twists,turns,and pirouettes in the 1 MDB story, often spun by 1 MDB itself,that denial can probably be discounted ,and the PNB board may be assumed to be under a duty to the corporation to protect its interest in that investment in 1 MDB. Failure to do so may give rise to a claim for damages , by the millions of Bumiputera unitholders, against the board. END 1 MDB Sukuk facility default provisions have been triggered-RM 2.4 billion payable immediately? by Ganesh Sahathevan The deluge of "tampered" documents seems never ending.These excerpts...