KUALA LUMPUR: Sapura Energy Bhd has appointed Shahin Farouque Jammal Ahmad, a non-independent non-executive director in the company, as its interim chairman.
This comes after the company said in a filing with Bursa Malaysia it had granted its chairman, Datuk Mohamad Azlan Abdullah, a leave of absence, effective June 26, 2024, following an ongoing investigation by the Malaysian Anti-Corruption Commission (MACC).
Sapura Energy noted that the MACC's investigation was regarding a matter unrelated to the company, and it would be business as usual at the oil and gas services and solution firm.
"Further announcements shall be made in the event of material developments on this matter," it said.
It was reported in news publications yesterday, that Mohammad Azlan, who is also the CEO of highway concessionaire Prolintas Group, has been remanded for four days until June 28 by the MACC in connection with allegations of bribery involving two highway projects in the Klang Valley valued at RM1.6bil.
Two other members of Prolintas and five others who are company owners have also been remanded.
Prior to the lunch break, shares in Prolintas Infra Business Trust were traded two sen or 2.2% lower at 89 sen a unit after 23.69 million shares changed hands.
Shares in Sapura Energy remained unchanged at four sen a share on 2.9 million units done.
ALSO READ: Prolintas confirms 'personnel' remanded by MACC to help in graft investigations
