Nazir: 1MDB issues should be put 'behind us'

KUALA LUMPUR: CIMB Holdings Bhd Chairman, Datuk Seri Nazir Razak said issues pertinent to 1Malaysia Development Bhd (1MDB) should be
put "behind us" as they could impact investors' sentiment towards Malaysia.

He also reiterated and backed Governor Tan Sri Dr Zeti Akhtar Aziz's statement saying that 1MDB does not pose a systemic risk to Malaysia's financial system and the movement of the ringgit.

"But I think we probably should disclose (what needs to be disclosed) in order for people to have a full picture and allay concerns.

"My strong advice is to put this issue behind us," he told reporters after the group's annual general meeting here today.

He was responding to a question whether the 1MDB issue would bring any impact or risk to a wider financial system in Malaysia and the ringgit's performance.

Nazir has also dispelled speculation that the 1MDB concern has caused some disagreement between himself and his brother Datuk Seri Najib Abdul Razak, who is the Prime Minister. – Bernama