KUALA LUMPUR (June 6): Felda Global Ventures Holdings Bhd (FGV) has announced that its group president-cum-chief executive officer (CEO) Datuk Zakaria Arshad and group chief financial officer (CFO) Ahmad Tifli Mohd Talha have been given leave of absence with immediate effect.

In a filing with Bursa Malaysia today, FGV did not mention any time frame for the leave given to the duo, and merely said it is pending an investigation of "certain transactions" under its subsidiary Delima Oil Products Sdn Bhd.

"FGV will continue its business as usual," it said.

In the interim, FGV said the CEO's responsibility will fall on a board executive committee comprising two FGV directors — Datuk Dr Omar Salim and Datuk Mohd Zafer Mohd Hashim — together with head of logistics cluster Azman Ahmad.

Meanwhile, FGV's board has also appointed incumbent group financial controller for plantation sector Aznur Kama Azmir as interim group CFO.

At market break, FGV's share price stood at RM1.66, down seven sen or 4.05% from the previous close, giving it a market capitalisation of RM6.28 billion.

FGV was the sixth most actively traded counter so far.