Sime Sacks Finance Officers
July / August 2008
In a move lauded for corporate accountability and transparency, the world's largest plantation group Sime Darby Bhd terminated the services of its group chief financial officer Razidan Ghazalli and vice-president Muhammad Mohan Kittu Abdullah in June over RM120 (USD36.9) million in trading losses. Sime's Board of Directors moved to terminate the duo following an in-depth inquiry into the losses at Golden Jomalina Food Industries, a subsidiary of Golden Hope Plantations. The losses were discovered in August 2007, several months before Golden Hope, Guthrie Plantations and Sime Darby were merged into a single entity.
In a move lauded for corporate accountability and transparency, the world's largest plantation group Sime Darby Bhd terminated the services of its group chief financial officer Razidan Ghazalli and vice-president Muhammad Mohan Kittu Abdullah in June over RM120 (USD36.9) million in trading losses. Sime's Board of Directors moved to terminate the duo following an in-depth inquiry into the losses at Golden Jomalina Food Industries, a subsidiary of Golden Hope Plantations. The losses were discovered in August 2007, several months before Golden Hope, Guthrie Plantations and Sime Darby were merged into a single entity.
posted by Toyers at
6:28 PM
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