FGV report complete, government looking at available options - PM Najib
Last Tuesday, FGV Board of Directors instructed its four senior executives including CEO Datuk Zakaria Arshad to go on leave effective immediately.
The report on Felda Global Ventures issue has been completed but the Federal Government is still deliberating on the best way to come out of it.
Prime Minister Datuk Seri Najib Razak said he has asked Datuk Seri Idris Jala to look at the measures and options.
"We will come out with a proper announcement as we are still scrutinising the facts and any decision will be made based on the three principles I have outlined earlier," he said.
He said that during a press conference after attending the Finance Council meeting at the Ministry of Finance office in Putrajaya.
The Prime Minister had outlined three principles in resolving the tussle which are to abide by the company's laws, to be in line with good governance principles and to ensure the outcome must have undergone a fair process.
Last Tuesday, FGV Board of Directors instructed its four senior executives including Group President and Chief Executive Officer (CEO) Datuk Zakaria Arshad to go on leave effective immediately.
The leave of absence was reportedly to facilitate an internal audit to investigate the outstanding payments from Safitex Trading LLC to Delima Oil Products Sdn Bhd, a subsidiary of FGV.
Besides Zakaria, the other three executives who were asked to take a leave of absence were Chief Financial Officer, Ahmad Tifli Mohd Talha; Delima Oil Products Senior General Manager, Kamarzaman Abd Karim and FGV Trading CEO, Ahmad Salman Omar.
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