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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Sumitomo to bolster shareholder returns in new mid-term plan
US Fed ‘less hawkish’ than expected; Singapore banks, net cash companies likely to outperform
ST Engineering bags more than S$175 million in contracts to upgrade Singapore’s public bus fleet
ING unveils 2.5 billion euros buyback as profit beats estimates
Prosper Cap halts operations at UK hotel after fire breaks out
DBS chief expects 2024 earnings to hit new highs as Q1 profit rises 15% to S$2.95 billion