What was the role of the 1MDB board in its closure decision?

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The 1MDB Board's Role in the Company's Closure

The decision to close 1Malaysia Development Berhad (1MDB) was framed as a business decision made by the company's board of directors for the benefit of the country and its people. This move was influenced by severe public criticism that had impacted the company's market potential.
Board Decisions Made for National Interest

Decisions concerning 1MDB's closure were undertaken by its board of directors with the stated aim of serving the good of the nation and its citizens. Despite facing significant controversies, the rationalisation plan implemented under 1MDB had reportedly achieved success through the execution of several large-scale projects.
Impact of Criticism on Market Potential

The extensive criticism directed at 1MDB had a detrimental effect on its market potential. This negative impact led to the conclusion that a business decision to cease operations was necessary. The former member of the Public Accounts Committee indicated that there was no hidden agenda behind these decisions.
Announcement of Intended Shutdown

The intention to shut down 1MDB was reportedly announced by the Treasury secretary-general, Tan Sri Dr Mohd Irwan Serigar Abdullah, who also served as the chairman of 1MDB. This announcement indicated that the company would be closed once its outstanding debts were fully settled.

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What was the role of the 1MDB board in its closure decision?

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