Its president, Akhbar Satar, said this was the right move and decision.

“It shows good governance and transparency.

“It will also allow for an independent review of the bank’s procedures.

“Other Malaysians in a similar position should show such a good example.”

The bank’s board of directors is reviewing a report after the Wall Street Journal (WSJ) said Nazir received USD7 million in funds that were transferred to his personal bank account from his elder brother, Prime Minister Najib Razak, before the country’s 2013 election.

“My brother asked for help. I did not think there was anything inappropriate,” Nazir had said, stating that he did what he thought was right at the time, also noting it was before the controversies surrounding 1Malaysia Development Berhad (1MDB).

Earlier, on Instagram, AirAsia Group CEO Tony Fernandes also called the move by Nazir to voluntarily go on leave as a “class act.”

Centre to Combat Corruption and Cronyism (C4) Director Cynthia Gabriel, described the move as “responsible and accountable leadership.”

“I applaud Nazir’s move. He showed good corporate governance.”