FGV grants Zakaria extension to reply to show-cause letter
Bernama
June 23, 2017 20:15 MYT
June 23, 2017 20:15 MYT
The company said Zakaria and Group Chief Financial Officer shall continue to be on leave of absence until further notice from the board. - Filepic / Astro AWANI
Felda Global Ventures Holdings Bhd (FGV) has granted its suspended President/Chief Executive Officer, Datuk Zakaria Arshad, a second and final extention to submit a reply to a show-cause letter until noon on Thursday (June 29, 2017).
In a filing to Bursa today, FGV said, the show-cause letter regarding the alleged procedural improprieties at a subsidiary of the plantation group was supposed to be submitted at noon today.
Zakaria had today around noon submitted a letter to FGV's Acting Chairman requesting for a second extention to reply to the show-cause letter and another letter to the company secretary to request for a list of documents to be given to him, said FGV.
The company said Zakaria and Group Chief Financial Officer shall continue to be on leave of absence until further notice from the board.
-- BERNAMA