Encorp suspends GCEO pending MACC investigations 


PETALING JAYA: Encorp Bhd has suspended its group chief executive officer (GCEO), Hazurin Harun, with immediate effect, to facilitate internal investigations relating to allegations made involving the Malaysian Anti-Corruption Commission (MACC).

In a filing with Bursa Malaysia, Encorp said the suspension will result in the powers, authorities and functions vested in Hazurin as GCEO to be suspended with effect from Aug 12, 2024, until further announcement by the board.

“The board wishes to announce further that the company will continue its business as usual and during the period of suspension.

“Kamarul Azman Kamarozaman @ Amir, the group chief financial officer, will be appointed as the officer in charge who will temporarily assume the duties and functions of GCEO.” Encorp said it will announce further developments as and when necessary.

Encorp is committed to good governance and transparency throughout this process and the company is closely monitoring the situation to ensure full compliance and uphold our strong commitment to integrity.

“Encorp will continue to provide its full support and cooperation to the MACC.”

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Encorp , suspend , MACC

Next In Business News

MSPO certification helps Malaysia meet sustainability requirements in FTAs, says MPOB
Teamstar signs underwriting agreement with TA Securities for ACE Market IPO
Melati Ehsan redesignates COO to CEO
TM Nxera partners with TNB to secure 280MW for data centre campus
Favelle Favco acquires France-based Seram Industries SAS
Ringgit ends firmer as concerns over Fed independence weigh on US dollar
HE Group wins power distribution system contract
Awanbiru appoints Azizah Ali as its group CEO
MN Holdings proposes transfer to the Main Market of Bursa Securities
Vantris Energy divests stake in L&T-Sapura Shipping for 124mil

Others Also Read