CIMB exec's departure adds to clouds over sukuk sales

Kuala Lumpur

THE resignation of the chief executive officer of CIMB Group Holdings Bhd's Islamic unit added to clouds over Malaysia's sukuk market, amid a probe into a state investment company and a renewed global commodity rout.

Badlisyah Abdul Ghani, 42, said in a July 23 interview that he resigned "to explore new opportunities", declining to comment on speculation the decision was related to his comments about the investigation of 1Malaysia Development Bhd (1MDB). He earlier retracted a blog post regarding the validity of documents used by the Wall Street Journal (WSJ) to report on the transfer of money between the fund and banks.