How large was the bonus Mohd Hazem once received from 1MDB?

Question

Accepted Answer

Mohd Hazem Received a Bonus Equivalent to 10 Months' Salary from 1MDB

Mohd Hazem Abd Rahman, the former CEO of 1Malaysia Development Berhad (1MDB), testified that he once received a bonus amounting to approximately 10 months of his salary during his tenure. His final monthly salary as CEO was RM97,000.
Initial Appointment and Salary Progression

Mohd Hazem joined 1MDB in August 2012 as the Chief Operating Officer (COO) with an initial salary of RM65,000 per month. He was subsequently appointed as the CEO of 1MDB in March 2013. His first salary drawn as CEO was RM93,000 monthly.
Bonus Payments Received

During his time as CEO, Mohd Hazem confirmed receiving bonuses. In 2013, he received a bonus of about five months' salary, which he noted was partially earned in his capacity as COO. The larger bonus, equivalent to approximately 10 months' salary, was received in 2014.
Financial Transactions and Allegations

Mohd Hazem stated under oath that he did not receive any funds from loans or raised capital by 1MDB while serving as CEO. He also denied any conspiracy with Low Taek Jho, also known as Jho Low, or his associates to defraud 1MDB.

Reading history

Hide →

This history is cleared when the page is closed.

How large was the bonus Mohd Hazem once received from 1MDB?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends