KUALA LUMPUR, TH Plantations Bhd has placed its Chief Executive Officer (CEO), Mohamed Zainurin Mohamed Zain, on garden leave following a show cause letter issued over alleged unauthorised payments totaling RM5.1 million made to plantation workers.
In a filing with Bursa Malaysia, the company stated that the CEO’s leave is effective immediately and will remain in place until further notice.
Simultaneously, the company’s Chief Financial Officer (CFO), Marliyana Omar, who also received a show cause letter on the same day, has resigned with immediate effect. In a separate filing, TH Plantations noted that Marliyana’s resignation was voluntary.
Marliyana, 44, joined the group in 2009 as an assistant manager and rose through the ranks to head the finance division, where she was responsible for planning and managing the group’s financial operations.
Despite these leadership changes, TH Plantations assured stakeholders that business operations will continue without disruption. In the interim, the Board Executive Committee will assume the responsibilities of the CEO.
