Zamri Mohd Idrus is the first top Sime Darby manager to be charged by the Malaysian Anti-Corruption Commission (MACC) following revelations of massive cost overruns incurred by the conglomerate.
He was charged for receiving bribe to reveal information to a bidder in 2008. Zamri, who is the general manager for business development and investment in Sime Darby Marine, is charged under section 11(a) of Anti-Corruption Act 1997, which is related to giving or accepting gratification by agent.
He was also offered an alternative charge under section 132(2)(b) of Companies Act 1965 for abusing company information for personal interest.
The multi-portfolio company has received much bad press since it was revealed on May 13 to have incurred whopping over-runs of RM964 million.
This is mostly due to troubled projects under its energies and utilities division - Qatar Petroleum (QP), Maersk Oil Qatar (MQP) Marine and the Bakun dam.
As a result, the board of directors asked Sime Darby president and group chief executive officer Ahmad Zubir Murshid to take a leave of absence, prior to the expiry of his contract on Nov 26. To date, no action has been taken against Zubir.
He was later replaced with former group managing director of Felda Holdings Mohd Bakke Salleh in a bid to stabilise the company.
The worst may yet be over for the plantation giant as they are expected to announce a historical loss on Aug 26.
Sime Darby has, however, refuted such claims, saying that it estimates to be "in the black" for this financial year.
The flagship GLC recorded its first-ever quarterly loss of RM309 million last June, while the last time it posted a six-month loss was after the 1997 Asian Financial Crisis.
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