Hornbill Unleashed

June 8, 2017

Idris appointment a wise move by government, says suspended FGV CEO

Filed under: Politics — Hornbill Unleashed @ 8:01 AM

Felda Global Ventures Holdings Bhd’s (FGV) Datuk Zakaria Arshad arrives at the Malaysian Anti-Corruption Commission’s (MACC) headquarters in Putrajaya June 7, 2017, to meet with investigators. — Bernama picThe appointment of Datuk Seri Idris Jala as an independent party to look into the crisis involving Felda Global Ventures Holdings Bhd (FGV) is a wise move, said suspended FGV group president and CEO Datuk Zakaria Arshad.

Besides him, also suspended with FGV’s chief financial officer (CFO) and two other senior members of the management team.

Zakaria, who is on forced leave from his duties effective yesterday, welcomed the appointment and described it as very fair.

“To me, it (the appointment) is good… At least, it is not one-sided. It is a good move by the government. If it was my staff, they will be in an awkward situation,” he told reporters after giving a statement to the Malaysian Anti-Corruption Commission (MACC) on FGV, here today.

Zakaria arrived alone at the MACC headquarters here about 2.20pm and was seen leaving the compound approximately four hours later.

The Prime Minister’s Office said in a statement today that Idris, who is Pemandu Associates Sdn Bhd president and CEO, had been appointed as an independent party to establish the facts of the case and recommend the way forward regarding the decision by the FGV board to suspend its CEO, CFO and the two other senior members, after consultations with all relevant parties.

It said those consulted were Felda chairman Tan Sri Shahrir Abdul Samad, FGV chairman Tan Sri Mohd Isa Abdul Samad, Zakaria and FGV CFO Ahmad Tifli Mohd Talha.

Yesterday, the company’s board of directors instructed Zakaria and Ahmad Tifli to go on leave. Joining the duo on forced leave are FGV Trading CEO, Ahmad Salman Omar and Delima Oil Products senior general manager, Kamarzaman Abd Karim.

On the call for him to resign by Mohd Isa following the crisis in FGV, Zakaria said there was no need to do so.

“I cannot accept (the decision to resign)… Unless I’m guilty, then I can resign. I am innocent, why should I resign?” he asked, adding that he had met Prime Minister Datuk Seri Najib Razak over the matter.

Zakaria, who was appointed as FGV CEO on April 1 last year, said he was prepared to continue helming the company.

“Based on the contract, I have another one year and 10 months to go. I want to return to help FGV achieve its targets,” he said, declining to comment whether he was now ready to work with Mohd Isa again.

On the four-hour statement recording session at the MACC headquarters, Zakaria said: “I have only showed documents under my purview in the last one year. I hope this saga will end in one or two weeks.”

Felda is the single biggest shareholder of FGV with a 34 per cent stake.

In Kuala Lumpur, Second Finance Minister Datuk Seri Johari Abdul Ghani said the crisis involving FGV should be resolved immediately as it was feared would have an impact on the confidence of local and foreign investors.

“FGV is a listed company covering investments from various parties. If the crisis continues without a comprehensive and systematic solution, the (positive) investor sentiment will erode and at the same time will cause the FGV shares to plunge every day.

“However, whatever the outcome is, it should ensure that no quarters would be victimised or make mistakes in deliberating as it could affect the reputation of the company,” he told reporters at the Titiwangsa-level ‘Nur Ramadan 2017’ programme here today.

In Kangar, Umno Supreme Council member Datuk Dr Mohd Puad Zarkashi lauded the government’s move as he said Idris was the most suitable person to act independently without being influenced by any quarters.

“The decision made by the prime minister shows that the government is serious when it comes to issues pertaining to integrity…Idris will perform the tasks in a transparent manner to ensure that nobody will be off the hook if it’s proven there was wrongdoing involved,” he told reporters after the ‘Sentuhan Kasih Semarak Ramadan’ programme here today.

Source : The Borneo Post Online by Bernama




  1. it is so “WISE” tactics that our ringgit is dropping like birds are having diarhheas…lol

    Comment by tiuniamah — June 13, 2017 @ 2:19 PM | Reply

  2. All ex-shell men are robots and depend on “permit to work” instructions

    Comment by tigeryk — June 8, 2017 @ 9:32 AM | Reply

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