TH-FGV company lodges report over plantations buy

TheStar Sat, Dec 15, 2018 08:11am - 5 years View Original


KUALA LUMPUR: A Tabung Haji-FGV joint venture company, Trurich Resources Sdn Bhd (Trurich), has lodged a police report against five individuals for allegedly misleading the company in the acquisition of oil palm plantations in Indonesia totalling US$58mil between 2008 and 2009.

A Trurich statement said the five were former Lembaga Tabung Haji CEO Tan Sri Ismee Ismail, TH Plantations Bhd former CEOs Datuk Seri Zainal Azwar and Datuk Rashidi Omar and Indonesians Drs H. Rajasa Abdurachman and Badai Sakti Daniel.

Tabung Haji (TH) had in 2008 approved the acquisition of green and brown field oil palm plantations in Kalimantan Utara (Kaltara) and Kalimantan Tengah (Kalteng), the statement said.

Trurich was used as the vehicle to buy shares in the companies which owned the plantations, collectively referred to as Kaltara PTs and Kalteng PTs.

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