MACC probes claims of graft, power abuse at Felda Global
Crisis widens following controversial suspension of chief exec as he ups the ante by urging anti-graft agency to probe company
Kuala Lumpur
MALAYSIAN Anti-Corruption Commission (MACC) has stepped into the boardroom fray of state-owned Felda Global Ventures Holdings (FGV) Bhd following the controversial suspension of its group president and chief executive Zakaria Arshad, who has refused to go quietly but upped the ante by urging the agency to probe the company, particularly its procurement.
According to media reports, Mr Zakaria arrived alone on Wednesday afternoon at the agency's headquarters in Kuala Lumpur, where he had been called to assist in investigations into alleged wrongdoings in the company. He also submitted a stack of documents.
MACC deputy commissioner Azam Baki confirmed the agency was probing corruption and abuse of power in the plantation company, but would not reveal specifics. "We are looking into claims of graft and possi…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Keppel DC Reit reports 13.7% lower Q1 DPU of S$0.02192 amid loss allowances
Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece
Singapore shares open higher on Friday; STI up 0.2%
TSMC estimates losses of US$92.4 million due to Taiwan earthquake
Singapore loses ‘world’s best airport’ crown to Qatar
Higher gross rental income, lower expenses boost CICT’s Q1 NPI by 6.3%