FGV chairman welcomes independent probes into company

KUALA LUMPUR: Felda Global Ventures Holdings Berhad (FGV) chairman Tan Sri Isa Samad welcomed today two separate independent investigations in the wake of corruption and power abuse allegations that have cast the palm oil giant into the spotlight.

The Star Online reported Isa saying it was a “good move” to appoint Pemandu Associates chief executive Datuk Seri Idris Jala as an independent party to offer recommendations following his much-publicised boardroom tussle with suspended FGV president and CEO Datuk Zakaria Arshad.




“We welcome his appointment with open arms and, of course, we will work with him,” Isa was quoted saying.

He was also reported welcoming the corruption and power abuse investigation by the Malaysian Anti-Corruption Commission (MACC), which began collecting documents from the FGV headquarters here this morning.

“That is their job. Let them do their work according to their process. My process [at the company level] is to issue a show-cause letter, allow Zakaria to reply, and then we make a decision,” he  was quoted saying.

Zakaria and three other FGV officials have been put on indefinite leave this week pending internal scrutiny into alleged irregularities over the delayed payment owed to a subsidiary Delima Oil Products Sdn Bhd and Afghan firm Safitex.

The others suspended alongside Zakaria are FGV chief financial officer Ahmad Tifli Mohd Talha, FGV Trading chief executive officer Ahmad Salman Omar, and Delima Oil Products senior general manager Kamarzaman Abd Karim .

Source: The Malay Mail Online

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