FELDA Global Ventures Holdings Bhd (FGV) will decide the fate of four former board members after an internal inquiry tables its report at the end of this month, said FGV acting chairman Dr Sulaiman Mahbob.

Speaking at the Kuala Lumpur International Airport (KLIA) while sending off 76 pilgrims managed by Felda Travel today, he said FGV’s board of directors would make a decision based on the inquiry’s findings.

“Whether they (the four being investigated) are guilty or not, we will decide (after receiving the panel’s report). The board will think of the next course of action.”

He said three of the four former board members had been questioned, adding that it took a week to investigation on each of them.

“Investigations are ongoing and so far, all involved have given their full cooperation. The inquiry panel comprises three independent members who are not involved in the decision making,” said Sulaiman.

It was reported earlier that the four people being investigated were former FGV group president and chief executive officer Zakaria Arshad, former group chief financial officer Ahmad Tifli Mohd Talha and two senior management officers.

Earlier, in a filing with Bursa Malaysia, FGV announced that the board of directors would refer Zakaria and Tifli’s cases to a domestic inquiry after considering their show-cause letters related to outstanding payments from Safitex Trading LLC to Delima Oil Products, a subsidiary of FGV. – Bernama, August 20, 2017.