SUNGAI PETANI: Tun Dr Mahathir Mohamad has reminded the leadership of Permodalan Nasional Bhd (PNB) not to be complacent in carrying out their duty of realising the aspirations of PNB investors.
The Prime Minister said the responsibility shouldered by PNB is very heavy as investors are always after good returns on investment to improve their quality of life.
He said abuse of power in governance, deterioration of integrity, fraudulent practices and corruption, as well as leakages that had been occurring at other investment institutions should be avoided at PNB.
“(If they were to happen) eventually, the government would have to intervene. But this is not the solution, as a tarnished image is not easy to repair and the confidence of the people, especially investors, is not easy to restore,” he said in a special video recording aired at the launch of the Minggu Saham Amanah Malaysia (MSAM) 2019 here, today.
Dr Mahathir said if irregularities were to occur at PNB, the dignity of the Bumiputera would also be marred forever because the role of PNB encompasses both economic and social interests.