1MDB : Exco chairman appointment part of services by PwC

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KUALA LUMPUR (July 10): 1Malaysia Development Bhd (1MDB) said today Datuk Mohammad Faiz Azmi's appointment as executive committee (exco) chairman forms a part of services provided by PricewaterhouseCoopers Advisory Services Sdn Bhd (PwC) to 1MDB.

"Clarification on the appointment of Datuk Mohammad Faiz Azmi as the chairman of the exco representing PwC.

"PwC is assisting the board and the exco in recovering 1MDB’s assets and in managing the company’s debt," 1MDB said in a statement.