Nor Mohamed Yakcop leaves Khazanah, KRI

PETALING JAYA: Khazanah Nasional Bhd deputy chairman Tan Sri Nor Mohamed Yakcop has resigned from the strategic investment fund’s board of directors effective Sept 30, 2017.
He will also be vacating his post as Khazanah Research Institute (KRI) chairman on the same date.
Khazanah said in a statement today that he submitted his resignation at the Khazanah board of directors' 84th meeting held today and the board has accepted his decision.
Nor Mohamed, 70, served on the board of directors for 15 years, making him the longest serving board member. He is also the only deputy chairman in Khazanah’s 23-year history.
The former Bank Negara Malaysia adviser is currently being investigated for forex losses that happened under his watch. The Royal Commission of Inquiry is looking into the forex trading losses of RM31 billion which happened in the early 1990s.