A group of FELDA settlers and shareholders of FELDA Global Ventures Holdings Bhd. (FGV) made a Police report yesterday in Slim River. This is regarding the issue about the announcement of former FGV CEO Tan Sri Sabri Ahmad’s so called ‘resignation’ from BoD of FGV and MSM, as per made through Bursa Malaysia website on 29 August 2013.
The Police report is made based on the posting on this blog, which drew nationwide attention.
These diehard FELDA supporters have asked the Police to investigate on the matter which appeared for public knowledge in this blog. FGV announced through Bursa Malaysia website on 29 August 2013 about Sabri’s resignation due to “Personal commitments elsewhere”.
However, FGV Chairman Tan Sri Isa Samad only wrote to Sabri informing him about being “Ceased as a director of FGV, MSM, FGV Biotechnologies and Global Green Fuel” in a letter dated 2 September 2013 and requested that the latter to sign the resignation letters from the BoD of each aforementioned companies.
Something is definitely amiss here.
If found guilty of false disclosure or announcement to authority exchanges such as Bursa Malaysia, under Section 122B of Securities Industry Act stated that the maximum penalty of RM3 million fine and/or 10 years jail.