Latest news with #MaybankIslamicBhd
New Straits Times
24-04-2025
- Business
- New Straits Times
Nor Shahrizan named officer in charge following CEO Muzaffar's resignation
KUALA LUMPUR: Maybank Islamic Bhd has appointed Nor Shahrizan Sulaiman as the officer in charge following the resignation of group chief executive officer (CEO) Datuk Muzaffar Hisham. Shahrizan currently serves as deputy CEO at Maybank Islamic. The bank said the process to identify the new group CEO will commence immediately and the outcome will be announced in due course. "On behalf of Maybank Group, I extend my deepest gratitude to Datuk Muz for his invaluable contributions over the past 14 years. "He has played a pivotal role in steering our Islamic banking franchise towards achieving true global leadership, in line with our M25+ strategy," said Maybank president and group CEO Datuk Khairussaleh Ramli. Maybank's share price closed unchanged at RM9.95, valuing the company at RM120.2 billion.
The Star
24-04-2025
- Politics
- The Star
Syed Saddiq to know fate on appeal case on June 25
PUTRAJAYA: Muar MP Syed Saddiq Syed Abdul Rahman will know his fate on his appeal against his conviction for criminal breach of trust (CBT), misappropriation of funds and money laundering on June 25. The date was confirmed by deputy public prosecutor Datuk Wan Shaharuddin Wan Ladin following the case management on Thursday (April 24) when asked by reporters. Last week, Justice Ahmad Zaidi Ibrahim, who chaired the three-panel judge, said the panel would take time to consider the submissions from both sides before delivering their decision throughout the three-day proceeding. Other judges on the bench are Justices Azman Abdullah and Noorin Badaruddin. On Nov 9, 2023, the High Court found Syed Saddiq guilty of four charges of abetting in criminal breach of trust (CBT), misappropriation of funds and money laundering involving RM1.2mil. He was sentenced to seven years of imprisonment, a RM10mil fine and two strokes of the cane for all four charges of abetting in criminal breach of trust (CBT), misappropriation of funds and money laundering. Syed Saddiq was charged with abetting Rafiq Hakim Razali, who was entrusted with RM1mil of Armada's funds, to commit CBT by misappropriating the funds. On the second charge, the former youth and sports minister was charged with misappropriating RM120,000 from Armada Bumi Bersatu Enterprise's Maybank Islamic Bhd account by making Rafiq dispose of the money. He was also charged with two counts of money laundering, via transactions of RM50,000 each, believed to be proceeds from unlawful activities, from his Maybank Islamic Bhd account into his Amanah Saham Bumiputera account. Syed Saddiq was first charged with the offences on July 22, 2021.
