Monday, 5 January 2015

Fraud at Kontena Nasional (2)

I wrote before about NCB Holdings and the fraud at Kontena Nasional.

Today the company announced:

"... the resignation of En. Syahrul Azmir bin Ahmad Zaki as the Chief Executive Officer of Kontena Nasional Berhad, a wholly owned subsidiary of NCB Holdings Bhd. The effective date of resignation is from 1st January 2015."

No reason was given, which is exceptional.

In an unrelated announcement it was reported that MISC sold its shares in NCB to a wholly-owned subsidiary of MMC Corporation.

With the majority shareholder of MMC (Tan Sri Syed Mokhtar) already having stakes in other Malaysian ports, there might be a potential for a monopoly.

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