Sime Darby Berhad chairman Musa Hitam said he was ready to resign. So is the rest of the board. But only if they are found responsibility for the losses recorded by the conglomerate.
Right now, internal investigations are ongoing. The company has not determined whether there was an element of fraud involved although industry insiders have suggested that there must have been.
Click HERE for the Bernama report.
Prime Minister Najib Abdul Razak, on the issue of Musa's resignation said Sime Darby should determine the cause of its RM964 million losses first before the issue of responsibility.
"We need to investigate the cause of the losses first. We can't do anything about the question of responsibility, at this point of time," he added.
Najib was speaking to reporters after the groundbreaking ceremony of Utusan Malaysia's new headquarters building in Kuala Lumpur earlier today.
Read my previous posting on Sime Darby HERE.