QEW Group Berhad has addressed recent media coverage concerning court proceedings involving a member of its Board of Directors, Dato’ Dr. Muhammad Iqbal.
The matter is currently before the Court. In line with established legal principles and sound corporate governance practices, the Group will refrain from commenting on the specifics while proceedings are ongoing. The Company emphasised its respect for the judicial process and the importance of allowing due process to take its course.
According to the Board, the proceedings relate to regulatory matters at an individual level and do not affect the Group’s operational structure, subsidiaries, financial administration, governance framework, or ongoing development initiatives.
QEW Group reiterated that all corporate functions — including Corporate Finance & Investment (CFI), Project Management Office (PMO), Legal & Compliance, CRM, Corporate Services and Corporate Communications — continue to operate in the ordinary course of business under established governance and internal control frameworks.
The Board remains focused on ensuring business continuity across its strategic programmes, upholding regulatory and governance standards, preserving stakeholder and investor confidence, and maintaining responsible corporate communication.
The Group also reaffirmed the long-standing legal principle that individuals are presumed innocent until proven otherwise in a court of law. It noted that the Director has extended full cooperation to the Securities Commission throughout the investigative process and remains respectful of the Court’s role in determining the matter based on the facts and applicable law.
QEW Group’s strategic initiatives — spanning infrastructure development, industrial projects and structured capital programmes — are progressing as planned, with no disruption to existing commitments or project timelines.
The Company indicated that further updates will be provided where appropriate, in accordance with applicable legal and regulatory requirements.
