Petronas board at odds with PM Muhyiddin over payment to Sarawak, claim sources
Friday, 26 Jun 2020 03:11 PM MYT
Petronas’ chief executive, Datuk Wan Zulkiflee Wan Ariffin, resigned in opposition to the deal, sources told Reuters last week, and he is set to leave the company this month after 37 years. “The Petronas board and management are totally against the deal. Management is drawing up fresh representation for the PM in a bid to convince him to see things their way,” said one source.
A US$470 million settlement was announced last month, although Sarawak later said it was still pursuing the case, with state officials saying Sarawak was now seeking nearly US$680 million.
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