Chief executive of Malaysia's Felda Global Ventures to resume duties after suspension

[KUALA LUMPUR] The chief executive of Malaysian palm oil plantation group Felda Global Ventures will resume his duties on Oct 16, following a four-month leave of absence, the company said on Monday.

Zakaria Arshad and the chief financial officer were suspended in early June, as the company investigated transactions at a subsidiary.

"The domestic inquiry had been carried out with proper internal processes," the company said in a statement. "The ministry of finance would like Mr Zakaria to return as FGV group president and chief executive."

REUTERS