PETALING JAYA, TH Plantations Bhd has dismissed the appeal of its former chief executive officer (CEO), Mohamed Zainurin Mohamed Zain, who sought reinstatement following his termination over alleged misconduct.
In a filing with Bursa Malaysia, the plantation group confirmed that it had carefully reviewed Zainurin’s letter of appeal. The board, after deliberation and due process, decided not to overturn its earlier decision.
“After due process and deliberation, the company has decided not to accept the appeal submitted by Zainurin. A letter to that effect has been sent to him today (Sept 18),” TH Plantations stated.
Zainurin’s services were officially terminated on Aug 26, after he was initially placed on garden leave pending an internal inquiry. The move followed the issuance of a show-cause letter concerning allegations of unauthorised payments amounting to RM5.1 million made to plantation workers.
The company emphasised that its decision to dismiss the appeal aligns with its commitment to good governance and accountability in its operations.
Zainurin, who joined TH Plantations in 2022, had been overseeing several of the group’s restructuring and operational efficiency initiatives before the termination. His exit comes at a time when the company is navigating industry challenges, including fluctuating crude palm oil prices and rising operating costs.
With the appeal process now concluded, TH Plantations said it remains focused on its business continuity plans and strengthening internal controls to safeguard shareholders’ interests.
