Alam Maritim CEO released from MACC remand
KUALA LUMPUR: Alam Maritim Resources Bhd group managing director and group chief executive officer Datuk Azmi Ahmad has been released from remand by the Malaysian Anti-Corruption Commission (MACC) today.
KUALA LUMPUR: Alam Maritim Resources Bhd's group managing director and CEO Datuk Azmi Ahmad has been released from remand by the Malaysian Anti-Corruption Commission (MACC) today. The company announced in a filing with Bursa Malaysia that Azmi would resume his executive roles and responsibilities within the group immediately. The board emphasized that the company's daily operations, financial standing, and strategic management remain stable and unaffected.
On August 17, Alam Maritim had informed the public that Azmi had been remanded by the MACC to aid an ongoing investigation, clarifying that the remand did not suggest any wrongdoing. Alam Maritim's shares remained unchanged at 23 sen, with a trading volume of 4.52 million shares, resulting in a market capitalisation of RM102.48 million.
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