MACC remands Icon Offshore heads to assist in investigations

Published: 22 April 2015 11:42 PM

The Malaysian Anti-Corruption Commission has remanded Icon Offshore Bhd’s chief executive officer (CEO) Dr Jamal Yusof and chief operating officer (COO) Rahman Yusof to “facilitate and assist in investigations” currently being conducted by the anti-corruption agency.

“We are overwhelmed by the response we have received to the IPO,” Icon Offshore CEO Dr Jamal Yusof said.

Dr. Jamal Yusof,CEO

However, Icon Offshore said it is not aware of the “details of the nature of the investigations or their status”.

Rahman Yusof

In a statement to Bursa Malaysia this evening, the company said it is still committed to upholding the company’s corporate values that promote integrity throughout the entire company.

Icon Offshore said it has a code of conduct that places high priority on upholding high ethical standards.

“The board takes serious exception to any breaches in policies and integrity, and will not hesitate to take appropriate actions if necessary.

“We will continue to monitor the situation and any material development shall be announced,” it said.

Icon Offshore ended the day 1.5 sen or 2.1% down at 68.5 sen, translating into a market capitalisation of RM806.37 million. – The Edge Markets, April 22, 2015.

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