Monday June 19, 2017
02:57 PM GMT+8

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Felda Global Ventures Holdings Bhd’s Datuk Zakaria Arshad leaves the Malaysian Anti-Corruption Commission’s (MACC) headquarters in Putrajaya June 7, 2017 after meeting with investigators. — Bernama picFelda Global Ventures Holdings Bhd’s Datuk Zakaria Arshad leaves the Malaysian Anti-Corruption Commission’s (MACC) headquarters in Putrajaya June 7, 2017 after meeting with investigators. — Bernama picKUALA LUMPUR, June 19 — The Malaysian government said today that an independent probe into Felda Global Ventures Holdings (FGV) found that the board had reasonable grounds to initiate disciplinary proceedings against four of the firms' executives.

It noted, however, that nobody as yet had been found guilty of any wrongdoing.

FGV, the world's third-largest palm plantation group, suspended its CEO, CFO and two other officials this month while it investigates transactions at a subsidiary. — Reuters

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