KUALA LUMPUR (Sept 14): After working for 1Malaysia Development Bhd (1MDB) for roughly three years, former chief executive officer (CEO) Mohd Hazem Abdul Rahman concluded that the government-owned investment fund is the "biggest trap in Malaysia's corporate history". In the email, Hazem stated his intention to quit 1MDB as he was "overwhelmed" by the unrealistic targets that Jho Low had set for him and the company. "I feel obliged to tell you that this email (Jho Low's email) would further confirm my decision that I should leave the company. In the same email, Hazem asked whether Azmi was keen on taking over the CEO post. Hazem joined 1MDB as its chief operating officer in 2012, before becoming the second CEO in March 2013 until early 2015.

Source: The Edge Markets September 14, 2020 13:07 UTC