By Nurul Hanis Izmir
KUALA LUMPUR, Sept 14 (Bernama) – After having served the Felda group for 35 years, Group President and Chief Executive Officer (CEO) of FGV Holdings Bhd, Datuk Zakaria Arshad, wished that he could leave the company amicably and graciously.
Unfortunately, that is not happening going by the recent announcement by the board to suspend him from his posts effective on Wednesday.
FGV in an announcement to Bursa Malaysia said that a notice of inquiry had been issued to Zakaria following the conclusion of internal investigations into 10 critical issues that had resulted in financial loss for FGV and its shareholders.
It was reported that up to seven of these issues were related to FGV’s unit, Delima Oil Products Sdn Bhd, over delayed payment and delivery of goods involving Afghanistan-based customer, Safitex Trading LLC.
When contacted by Bernama today, Zakaria said that as of now, he will abide by the decision made by the management.....