PETALING JAYA: Tan Sri Annuar Musa has been suspended as Majlis Amanah Rakyat (Mara) chairman with immediate effect.
In announcing this, Mara committee member Datuk Dr Yusof Yacob said Annuar has also been suspended as the head of Mara Investment Bhd (PMB).
The decision was made during an emergency meeting held at Mara headquarters in Kuala Lumpur on Tuesday morning.
Dr Yusof will assume all the positions held by Annuar.
When contacted, Annuar said he accepted the decision but refused to elaborate as he had just been informed of the matter.
"I don't know the details. I just received the phone call from Dr Yusof. I have nothing to say," he said when asked if he knew the reasons behind the suspension.
Annuar, who is Ketereh MP and Umno information chief, said he was on "official duties" in New Zealand.
He was appointed Mara's 30th chairman on July 19, 2013, replacing Datuk Seri Idris Jusoh, the former Terengganu Mentri Besar.
On the sports front, Annuar stepped down as the Kelantan Football Association (Kafa) president on Nov 8 last year after holding the post since 2007.
During his tenure, the Red Warriors' won six trophies, including the treble (Malaysia Cup, Super League and FA Cup) in 2012.
Kafa had said it intended to withdraw from the 2017 Malaysian Super League due to financial constraints.
Besides the sponsorship issue, Kafa is also without a president to succeed Annuar following his resignation.
Recently, Annuar was criticised by Johor crown prince Tunku Ismail Sultan Ibrahim who alleged that a certain "Tan Sri" had forced Mara and its entities to sponsor Kafa.