Friday 29 Mar 2024
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This article first appeared in The Edge Financial Daily, on April 29, 2016.

 

KUALA LUMPUR: Pasdec Holdings Bhd, a 51.65%-owned subsidiary of Pahang State Development Corp (PKNP), said its group managing director (MD) Datuk Mohd Khairuddin Abdul Manan has been granted temporary leave of absence with immediate effect.

This is to facilitate completion of the ongoing forensic review by Messrs Deloitte Corporate Solutions Sdn Bhd, following news reports and Malaysian Anti-Corruption Commission’s investigation that mining activity had been carried out on land belonging to a subsidiary, Pasdec Corp Sdn Bhd, it added.

In the interim, Datuk Abdul Rahim Mohd Ali, a non-executive director who is also the chief executive officer of PKNP, has been assigned the responsibility to perform the functions of the MD until otherwise resolved.

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