PETALING JAYA: TH Plantations Bhd announced its chief executive officer (CEO), Mohamed Zainurin Mohamed Zain, has been served with a show cause letter today relating to alleged unauthorised payments of RM5.1mil made to plantation workers.
In a filing with Bursa Malaysia, the plantation group concern noted that he has been placed on garden leave until further notice.
Furthermore, its chief financial officer (CFO), Marliyana Omar, 44, has also been served with a show cause letter, but she chose to tender her resignation with immediate effect.
TH Plantation stated in the interim, the functions of the CEO shall be assumed by a temporary Board Committee known as the Board Executive Committee until further notice.
Megat Rizal Ezzudin Abd Mauld will, in the meantime, assume the duties and responsibilities of the CFO until a suitable person for the post is identified, the company said.
