FGV Crisis

PUTRAJAYA – Felda chairman Tan Sri Shahrir Abdul Samad assured that the turmoil over Felda Global Venture Holding Berhad (FGV) would not affect the settlers.

According to him, Felda settlers are still positive that this issue will be resolved.

“In my view, the settlers are looking at the changes that take place in FGV to give them positive expectations.

“In addition, the settlers also see the outcome of which FGV is a well-managed company that can focus on their goals,” he said during a press conference on Ekspresi Felda Negaraku Malaysia.

Shahrir also requested that all parties not only focus on the crisis.

“We at Felda do not deny that there is a problem but do not forget the success of the company only because of the issues,” he said.

Previously, the FGV crisis came to light when the former Chairman of FGV, Tan Sri Mohd Isa Abdul Samad and his Board ordered Group President / Chief Executive Officer Datuk Zakaria Arshad and Group Chief Financial Officer Ahmad Tifli Mohd Talha to take a leave on June 6.

Following that, the Malaysian Anti-Corruption Commission (MACC) began investigating the abuse of power and irregularities in the public listed company.

On June 19, Mohd Isa resigned in FGV and being appointed Acting Chairman of the Land Public Transport Commission (SPAD).

Meanwhile, Tan Sri Dr Sulaiman Mahbob has been appointed as acting chairman of FGV to replace Mohd Isa.

Yesterday, the FGV Board of Directors decided to refer Zakaria and Ahmad Tifli to the Internal Investigation Panel.

The decision was made after reviewing and considering their show cause letter regarding the issue of outstanding debt of Safitex Trading LLC to subsidiary of FGV, Delima Oil Products Sdn Bhd.

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