KUALA LUMPUR: Tan Sri Megat Zaharuddin Megat Mohd Nor (pic) is stepping down as chairman of Federal Land Development Authority (Felda) after just 11 months since his appointment on July 27 last year. Sources told The Edge Financial Daily that Megat Zaharuddin sent an internal memo to Felda staff revealing his decision to relinquish the chairmanship, noting his last day at Felda is on June 30. Megat Zaharuddin succeeded Tan Sri Shahrir Samad, who stepped down on May 14, 2018. Hence today (yesterday), I want to announce my resignation with a heavy heart as Felda chairman,” said Megat Zaharuddin in the memo written in Bahasa Malaysia. On Dec 14 last year, former Felda chairman Tan Sri Isa Samad was charged at the Sessions Court with one count of criminal breach of trust and nine counts of accepting kickbacks worth more than RM3 million.
Source: The Edge Markets June 25, 2019 01:18 UTC