Datuk Kadir Jasin reported that Permodalan Nasional Berhad chief executive Abdul Jalil Rasheed was pushed out by anonymous opponents who referred to supposed inconsistencies in his academic qualifications.
Tun Dr Mahathir Mohamad ‘s former media adviser portrayed Abdul Jalil as another Perikatan Nasional government victim that he said he did not favorably view clean and independent professionals.
PH also tried to eliminate the tradition of naming legislators to government-linked companies (GLCs) during its brief tenure at office, but was abandoned when PN came to power.
This involved allegedly adverse offers for PNB and its unitholders in Bumiputera, he asserted. According to Kadir, Abdul Jalil, the youngest CEO of the company, has also claimed to have stood up to many Malay tycoons.
Murmurs about the elimination of Abdul Jalil were first noticed in industry circles. Rumors also caused controversy among PH followers and personal friends on social media.
In October last year, Abdul Jalil, a young corporate uprising star, replaced Datuk Abdul Rahman Ahmad as PNB ‘s president and group CEO.
In a statement announcing the selection of Abdul Jalil, PNB said that the move was in line with the government’s intention to allow maximum use of Malaysian global talent and in line with the fund’s strategic plan to diversify its assets globally.
There were also uncertain explanations for his proposed dismissal, but Kadir believed that the PN government might sack him on the grounds that he supposedly deceived the fund by presenting misleading descriptions of his qualifications.
According to Kadir, the London School of Economics and Politics (LSE) is one of seventeen colleges within London University. Instead of the University of London, which is a unifying organization, he said it was common for students in the UK to refer to the college as the LSE.
Kadir also speculated on the replacement of Abdul Jalil, allegedly one of Khazanah Berhad ‘s deputy directors from the Barisan Nasional management era that he claimed had been involved in the sale of the fund’s assets to questionable parties. Under the previous BN government, Khazanah had reported RM6 billion in losses.