FGV board files police report for CBT against former bosses

FGV board files police report for CBT against former bosses - Hello loyal readers FeedGoogle, In the article you are reading this time with the title FGV board files police report for CBT against former bosses, We have prepared this article well for you to read and take information in it. hopefully the contents of the post Article Malaysians, what we write you can understand. Alright, happy reading.

Former FGV CEO Zakaria Arshad and former chief financial officer Ahmad Tifli Mohd Talha.PETALING JAYA: FGV Holdings Bhd (FGV) has filed a police report for criminal breach of trust against former group president and CEO Zakaria Arshad and former chief financial officer Ahmad Tifli Mohd Talha. FGV chief auditor Zalily Mohamed Zaman Khan said this involved the provision of credit facilities to clients of Delima Oil Products Sdn Bhd without the evaluation, collateral or security required from the letter of credit. This resulted in overdue payments involving Chengdu Azonda International Trading Co Ltd worth RM8,081,855, Safitex General Trading LLC (US$11,700,000), Quantum Orient Holdings Sdn Bhd (RM15,150,557), Intisari Mulia International Inc (RM3,368,929), Matrix Integrated Services Sdn Bhd (RM74,888) and RDC International Pte Ltd (US$344,145). “Both Zakaria and Tifli clearly faile…