This article first appeared in The Edge Financial Daily on October 25, 2018

KUALA LUMPUR: Former Treasury secretary-general Tan Sri Mohd Irwan Serigar Abdullah earned RM2.94 million between January 2011 and June 2018, said Finance Minister Lim Guan Eng.

In addition, Mohd Irwan earned a higher amount for his role as non-executive chairman, non-independent executive director and director in 23 companies owned by the Minister of Finance Inc. “Mohd Irwan’s earnings as a board member of [these] companies from 2012 to June 2018 was RM3.8 million,” Guan Eng said in a written reply to Lim Lip Eng (PH-Kepong) in the Dewan Rakyat.

These companies included 1Malaysia Development Bhd (non-executive chairman), Bandar Malaysia Sdn Bhd (non-executive chairman), Khazanah Nasional Bhd (director), MyHSR Corp Sdn Bhd (non-executive chairman) and Wakala Global Sukuk Bhd (non-executive chairman).

As for the RM2.94 million, Guan Eng said the salaries were received when Mohd Irwan served as deputy secretary-general of Treasury (Policy) from Dec 31, 2010 and secretary-general of Treasury from Aug 24, 2012 to June 13, 2018.  “He was appointed Treasury secretary-general on Aug 24, 2012 and underwent compulsory retirement on March 6, 2017. He was subsequently appointed to contract service from March 7, 2017 until March 6, 2019.

“However, his services were shortened to June 13, 2018. His total income from January 2011 to June 2018 was RM2.94 million,” he said.