CEO claims trial over cheating involving shipping daily charter rates
ALAM Maritim Resources Bhd group managing director and chief executive officer Datuk Azmi Ahmad has claimed trial to two charges of cheating a company officer by allegedly withholding actual vessel charter rates. Azmi, 67, pleaded not guilty to both ...
Datuk Azmi Ahmad, the chief executive officer of Alam Maritim Resources Bhd, has pleaded not guilty to two charges of cheating a company officer. The charges stem from alleged concealment of daily charter rates for shipping contracts, which were allegedly lower than those he offered to induce a work order signing. The charges occurred on Aug 24, 2023 and Jan 15, 2024, with the first charge involving an agreement between Alam-JV DP2 (L) Inc and Alam Maritim (M) Sdn Bhd.
The second charge pertains to a similar arrangement between TH-Alam Management (M) Sdn Bhd and Alam Maritim (M) Sdn Bhd. If convicted, Azmi faces a maximum of five years in prison, a fine, or both.
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