FGV serves show-cause letters on its CEO and CFO


PUTRAJAYA, 7 Jun -- Presiden dan Ketua Pegawai Eksekutif Kumpulan Felda Global Ventures Holdings Bhd (FGV) Datuk Zakaria Arshad ditemubual pemberita selepas tampil memberi keterangan berhubung FGV kepada Suruhanjaya Pencegahan Rasuah Malaysia (SPRM) hari ini. -- fotoBERNAMA (2017) HAK CIPTA TERPELIHARA

KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV) has served show-cause letters on its group president/chief executive officer Datuk Zakaria Arshad and group chief financial officer Ahmad Tifli Mohd Talha on the long outstanding debt of Afghan firm Safitex Trading LLC with FGV’s subsidiary Delima Oil Products Sdn Bhd.

In a filing with Bursa Malaysia, FGV said they had been given seven days from today (Tuesday) to provide a written reply pertaining to the allegations mentioned in the show-cause letters.

It also said Zakaria and Ahmad Tifli, who were given leave of absence since Tuesday last week, would continue to be on leave of absence until further notice from the board.

Last week, FGV chairman Tan Sri Isa Samad said Zakaria would be issued a show-cause letter over the company’s dealings with Safitex after internal investigations were completed.

He said Zakaria’s fate in the company, to be decided by the board of directors, would depend on his reply to the letter.

Celebrate Merdeka with 50% Off!
T&C applies.

Monthly Plan

RM13.90/month
RM6.95 only

Billed as RM6.95 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM6.17/month

Billed as RM78 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Getting a good price for your home
Audit all Malaysian carriers
SimeProp changes the game
Putting money on the banks
Malaysia can lead EV charge
Conceive solutions to improve birth rates
Is TM better off exiting DNB?
A strategic shift for success
OSK in Johor asset buy
A class above

Others Also Read