Malaysian anti-graft body to probe corruption, abuse of power claims at Felda Global Ventures

Felda Global Ventures CEO and president Datuk Zakaria Arshad  went on forced leave amid allegations of corruption.
Felda Global Ventures CEO and president Datuk Zakaria Arshad went on forced leave amid allegations of corruption.PHOTO: NEW STRAITS TIMES

KUALA LUMPUR (REUTERS) - Malaysia's anti-graft body said on Wednesday (June 7) it would investigate several officials from Felda Global Ventures (FGV) for possible corruption and abuse of power, after the group's chief executive and chief financial officer were suspended a day earlier.

"We are looking into claims of graft and possible abuse of power involving several officials," Malaysian Anti-Corruption Commission deputy chief commissioner Azam Baki told Reuters. He declined to name the officials or give specifics on the claims.

FGV, the world's third-largest palm plantation operator, suspended CEO Zakaria Arshad and CFO Ahmad Tifli Mohd Talha on Tuesday amid an internal probe into transactions at a subsidiary.