Bank Rakyat chairman Shukry ousted with immediate effect

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KUALA LUMPUR (Nov 26): The Entrepreneur Development Ministry announced today Tan Sri Shukry Mohd Salleh's ouster as Bank Rakyat board chairman with immediate effect due to his involvement in the original audit report of 1Malaysia Development Bhd (1MDB).

In a statement today, the ministry said Shukry's ouster is in line with the Bank Kerjasama Rakyat Malaysia Bhd Act.

"In relation to that, any decision made during Tan Sri Shukry Mohd Salleh's term as Bank Rakyat board chairman which has an implication on Bank Rakyat will be rechecked and cancelled if it affects Bank Rakyat's interest.

"The Entrepreneur Development Ministry will announce Bank Rakyat board's new chairman appointment upon finalisation of the appointment process," the ministry said.