Lodin keeps mum on position at LTAT, Boustead

It is speculated that the CEP has recommended KWAP CIO’s Nik Amlizan to move to LTAT


Tan Sri Lodin Wok Kamarudin said he has not been informed over his position as Lembaga Tabung Angkatan Tentera (LTAT) CEO and the group MD of an LTAT-controlled company, Boustead Holdings Bhd.

The former 1Malaysia Development Bhd (1MDB) chairman’s position as top management at LTAT and Boustead has been under intense speculation following changes to other governmentlinked companies and government- linked investment companies since Pakatan Harapan took over the country’s administration.

“Sorry, I cannot comment on all of these. I will let you know if there is anything. Not for the time being,” he told The Malaysian Reserve when contacted yesterday.

Recent media report suggested that Lodin is expected to leave LTAT and Boustead.

The government announced the appointment of General (R) Tan Sri Dr Mohd Zahidi Zainuddin as the new chairman of LTAT early this month.

Sweeping changes have occurred at Khazanah Nasional Bhd, Permodalan Nasional Bhd (PNB) and Lembaga Tabung Haji (TH) in recent weeks.

Khazanah has also appointed Datuk Shahril Ridza Ridzuan as the fund’s MD to replace Tan Sri Azman Mokhtar, prominent former central banker Tan Sri Zeti Akhtar Aziz as PNB chairperson, while Tan Sri Mohammed Nor Md Yusof was made TH chairman.

The new government seeks to correct some governmentowned entities which are seen to have been used for the previous government’s political agenda. Questions have also been raised on the performance of these institutions, besides the exorbitant salaries paid to the CEOs.

It is speculated that the Council of Eminent Persons (CEP) has recommended Nik Amlizan Mohamed, the CIO of Ret irement Fund Inc (KWAP), to move to LTAT. But no announcement has been made over the appointment.

Lodin was appointed as the CEO of LTAT in 1982. Since its inception, LTAT has ventured into various sectors such as petroleum retail business, retail and pharmaceutical.

Lodin resigned from 1MDB after the release of the Public Account Committee report in April 2016.

1MDB is being investigated in at least six countries as the government seeks to recover the billions allegedly stolen from the state fund.