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Shahrir Samad To Discuss FGV Saga With Najib Tomorrow

06/13/2017

FELDA chairman Shahrir Samad will meet Prime Minister Najib Razak tomorrow to discuss the boardroom tussle at Felda Global Ventures Holdings Bhd (FGV).

“As Felda is the biggest shareholder in FGV, I am obligated to present our views on the matter and what are the possible solutions deemed appropriate in resolving the tussle. Prolonging the tussle will benefit nobody,” he was reported as saying in Kemaman yesterday.

FGV ran into a boardroom tussle last week between chairman Isa Samad and chief executive officer Zakaria Arshad, with both men accusing the other of lapses in corporate governance.

The Malaysian Anti-Corruption Commission has launched a probe into FGV’s transactions.

Apart from the MACC investigation, Najib had appointed former Minister in the Prime Minister’s Department Idris Jala to establish the facts of what happened at the world’s third biggest oil palm planter.

“Idris, as an independent party, will know better what is going on in FGV after his fact-finding mission… The PM is swift in appointing Idris, which is a positive step in the right direction,” Shahrir said, adding that he was confident the could be resolved before Hari Raya.

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