KUALA LUMPUR: GIIB Holdings Bhd
founder Tai Boon Wee has returned as chairman with immediate effect, after outgoing chairman Datuk Sri Wan Adnan Wan Mamat officially handed over the role upon fulfilling his objective of stabilising and strengthening the group’s corporate governance.
In a Bursa Malaysia filing today, GIIB said Tai had previously voluntarily stepped down from his executive and board roles to allow an investigation by the Malaysian Anti-Corruption Commission (MACC) to proceed with transparency and without any perception of corporate interference.
The company said Tai had been completely cleared of all allegations, and the board of directors had agreed that it was an appropriate time for the founder to resume his leadership duties.
Bernama previously reported that Tai was charged by the MACC on May 15, 2024.
According to the charge, on May 29, 2023, at the Bursa Malaysia office, Tai allegedly instructed the company secretary, Mak Chooi Peng, to dishonestly use a forged document, namely the "interim financial statement for the period ended March 31, 2023," of GIIB, as a genuine document.
Thus, Tai has been charged with an offence under Section 109 of the Penal Code, read together with Section 471 of the same Act. - Bernama
