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

Chinese EV companies in negotiations to invest in Perlis
Alliance Islamic Bank teams up with Asia Carbonx to launch new green financing for SMEs
MIDF: Malaysia's passenger traffic full recovery may be delayed
HLIB Research positive on ITMAX's new contract win
Quick take: IQ Group jumps 20% in early trade
Ringgit opens higher against weakening US dollar
Bursa Malaysia opens higher on Wall Street gains; Market awaits U.S. Fed rate decision
Trading ideas: CCK Consolidated, ITMAX, Fiamma, Ecobuilt, Binastra, Green Packet, Hibiscus Petroleum
Binastra 2Q showing improves
Australia threatens fines for social media giants

Others Also Read