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Monday, 17 July 2017 | MYT 5:43 PM

Probe on FGV group CEO to be completed by Aug 14

Zakaria was told to go on an indefinite leave early last month. - Bernama pic

Zakaria was told to go on an indefinite leave early last month. - Bernama pic

KUALA LUMPUR: Newly appointed acting chairman of the Felda Global Ventures Holdings Bhd (FGV) Tan Sri Sulaiman Mahbob said the investigation on the group president and CEO Datuk Zakaria Arshad, who has been told to go on leave, is expected to be completed by Aug 14.

Sulaiman said that the investigation or domestic inquiry process on Zakaria, chief financial officer Ahmad Tifli Mohd Talha and other two intermediate staff members was expected to start as soon as next week.

“We have four staff involved; they have been given questions to answer. They will be given the chance to defend themselves and provide evidence, and enough time to respond to the inquiry,” he said.

He was speaking to reporters at FGV’s Hari Raya open house on Monday.

He said the plantation giant would set up a domestic inquiry panel comprising three members to assist in the evaluation of the FGV’s CEO and CFO’s replies to the show-cause letters served on them.

“The investigation on our CEO is basically an internal exercise between employer and employee,” Sulaiman said.

Also present at the press conference was Federal Land Development Authority (Felda) chairman Tan Sri Shahrir Abdul Samad, who said that the Malaysian Anti-Corruption Commission (MACC) came to Felda Investment Corp’s (FIC) office at 10am in relations to its previous purchase of a hotel in London.

Tags / Keywords: Corporate News , Palm Oil , Felda Global Ventures Holdings Bhd , Corporate Governance

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