KUALA LUMPUR – Felda Global Ventures Holdings Bhd’s (FGV) Datuk Zakaria Arshad said today the decision to compel him to resign as president and chief executive was unjustified.
According to a 30-minute long video by Berita Harian, Zakaria, who has currently been suspended following his refusal to quit, said he was asked to step down after FGV’s subsidiary Safitex was found to have not been able to pay some amount of monies it owed to an Afghan-based company Delima Oil Products (DOP).
He said the amount owed was around 0.2 per cent of the overall earnings of FGV and that this was acceptable by industry standards in the Fast-Moving Consumer Goods (FMCG) sector.
“By industry standards, it is a norm to have unsettled debts of between three and four per cent especially in the FMCG sector.
“Hence, I feel this issue is just simply used to pressure me to resign or get sacked,” he said.
He refused to implicate anyone, including FGV chairman Tan Sri Mohd Isa Samad who had told him to step down, or the reason why would anyone want him out.
Zakaria said he refused to step down when he was asked to leave on May 31 in a meeting with Mohd Isa that lasted barely 15 minutes.
“The reason he (Mohd Isa) wanted me to step down was because of Safitex owed some monies to DOP,” he said.
In the video, Zakaria said he has been working with FGV for more than 30 years and that this latest turn of events had, in a way, tarnished his image.
“I have been raised with full of integrity and today this issue is raised as if I have done something very wrong,” he said.
He welcomed the Malaysian Anti-Corruption Commission (MACC) to investigate FGV, and added that he was willing to cooperate to prove his innocence.
Zakaria took office in April last year.
News report indicated that a board committee will assume functions of Zakaria in the meantime.
– Malay Mail