KUALA LUMPUR: Property developer Encorp Bhd has suspended its Group Chief Executive Officer (CEO) Hazurin Harun, effective yesterday, to facilitate an internal investigation related to allegations made involving the Malaysian Anti-Corruption Commission (MACC).
According to Encorp, Hazurin’s suspension will last until further announcement by the board and the company will continue its business operations as usual during the suspension period.
Meanwhile, its Group Chief Financial Officer Kamarul Azman Kamarozaman@Amir will be appointed as the officer-in-charge who will temporarily assume the duties and functions of the Group CEO.
Based on a statement by the MACC regarding the remand of 3 Encorp officers on 8 August 2024, the real estate developer said that it is committed to good governance and transparency throughout the investigation process.
“The company is closely monitoring the situation to ensure full compliance and uphold our strong commitment to integrity,” Encorp said in a statement, without disclosing any further details on the reasoning behind the remand of its 3 officers.
