Friday, October 8, 2010

Amok removes Arlida from Iskandar

Khazanah boss Azman Mokhtar today removed Iskandar Investment Berhad (IIB) chief executive officer Arlida Ariff (pic) and installed his close buddy Syed Mohamed Syed Ibrahim. The unprecedented move was carried out amid speculation of alleged irregularities in the awarding of infrastructure contracts.

Syed Mohamed who is also DRB-Hicom property chief will take on his new task on Nov.1 (read Malaysian Insider report).

Azman made the announcement of the leadership change at a town hall meeting with IIB employees in Johor Baru this morning. Results of an internal audit had pushed Khazanah to take today’s drastic step.

Whether the decision got a prior approval from the government, has yet to be ascertained. However, sources said Arlida was informed of her removal a few days ago, and she refused comments.

It is also still unclear, however, if the sovereign wealth fund would press charges against anyone following the audit in the company, which acts as a catalyst for Malaysia’s massive development in Johor.

Khazanah initiated an audit into the financial management and operations of IIB earlier this year following reports of alleged kickbacks, inflated costs and alleged questionable procurement procedures.


42 comments:

homester said...

of course the govt approves what amok does.

he is the most powerful GLC boss in the country. some of his actions also reflect he is better than a finance minister

que sera said...

may he make the right decision. if not, it backfires easily and the govt will stand to blush

omar king said...

aku dengar arlida ni dah kaya raya sejak jadi bos iskandar 2 tahun lebih ni.

takkan gaji dan elaun dia sampai rm70,000 sebulan!

aku sokong tindakan azman mokhtar ni.

tapi kan... azman pun dah kaya raya. siapa pulak nak pantau dia?

Anonymous said...

with the power vested in him, he can also fire a finance minister, bro.

tak caya ka?

anak tebrau said...

iskandar malaysia needs to be revamped. so many irregularities took place over the last 2 years, including the monopoly of a company supplying building materials.

i dont know whether arlida is involved but she knew about it and did nothing to break it up.

opportunity should be given to other suppliers. iskandar malaysia is a big project and requires many contractors to participate in order to speed up its progress.

managing it is not easy and it needs a credible person who is not bias and willing to share it with locals

Anonymous said...

handal sangat ke azman mokhtar ni? suka2 ati pecat orang tu dan orang ni?

ni semua silap paklah, ambil dia daripada salomon smith barney dulu walhal masa kat agensi itu, dia jarang bagi rating yang bagus kepada malaysia.

Anonymous said...

azman should fire himself, instead!

Anonymous said...

Khazanah is obviously promoting corruption in Malaysia by replacing IIB CEO, Arlida with Syed Mohamed. Everybody in Johor knew Arlida has been awarding her husband contracts under 9MP plus under IIB. In fact, she's been doing that during her tenure at previous companies, KLCC and Putrajaya. If DG of Tourism was charged for corruption over RM13k dental fees, why must Khazanah let her go freely? Khazanah has to remember that it is people's money that they've been spending in Johor, it is not MCOBA fund or UMNO fund, it is our money. So please cut the crap and send those useless buggers (including her cronies in IIB) to jail for life!

Anonymous said...

Khazanah's excuse as reported in The Sun was

"Attempting to keep the matter under wraps can be seen as not wanting to embarrass the country and more importantly scare off investors. By making the audit public, Khazanah is telling investors that it runs a tight ship and that any allegations of improprieties will be dealt with seriously. Khazanah directors at least did right by setting the ball rolling in attempting to unearth and verify the perceived irregularities."

If there's no wrongdoing, why replaced CEO of IIB in the first place? Why Khazanah "was given" a special previlege over this issue (to keep the matter under wrap) as compared to what happened to Sime Darby or PKFZ? The Public has the right to know the truth.

Anonymous said...

replacing a corrupt with another corrupt is what azman is doing.

kepala angin said...

jai,

najib is away, muhyidin is away too. so, azman found the right time to act. whether it was right or wrong, i doubt pm and dpm know about it.

Anonymous said...

Arlida is even making fun of Tun Mahathir during this nonsense YCM CEO series in June 2010. please go to

http://www.youtube.com/watch?v=ew2_jGKVEmY

Now, it's payback time you greedy b****!

yatiman said...

i believe azman made the right decision.

so much has been heard about arlida giving big contracts to her hubby to the extent that many contrctors were deprived of their chances.

i just dont agree with the person who is replacing her... he is another culprit

Anonymous said...

melayu macam azman tak boleh pegang kuasa. dia ingat dia perfect sangat manakala orang lain semuanya buat salah.

elok najib removes him bila dia balik nanti, suruh dia jaga indah water je.

Anonymous said...

Jangan lupa untuk membuat penyiasatan kepada agensi IRDA. Kepala penyangak, Zainol Rashid dan rakan rakan MCKK, masih bermaharajalela memakan duit rasuah dari para kontraktor dan supplier melayu. Pihak MACC perlu segera membuat penyiasatan sebelum Johor membuat rekod dunia dalam acara Rasuah Terbesar Abad 21.

Huggies said...

"Khazanah boss Azman Mokhtar today removed Iskandar Investment Berhad (IIB) chief executive officer Arlida Ariff (pic) and installed his close buddy Syed Mohamed Syed Ibrahim."

Azman ingat Khazanah itu bapak dia punya? Boleh buat suka hati bagi kawan baik dia jadik CEO? Dulu IIB CEO yang pertama, Dr Iskandar, bukan kawan baik Azman semasa di MCKK? Apa sudah jadik? Bagaimana pula CEO di IRDA, bukan semua sahabat-sahabat Azman di MCKK? Dato Iqmal, Harun Jauhari, Ismael Ibrahim? Dalam masa 4 tahun, CEO di IIB dan IRDA sudah kerap sangat bertukar ganti macam nenek aku tukar pampers!

Tony Chong said...

it is really sickening,,to know until today,,,the govn,,is still not taking action on all those corrupted people,,jsut let them off,,,what kind of govn are we having,,condorning,,such corrupted practise

HJAngus said...

If wrong-doing is involved, it should not be just left like that. See how in Singapore a few top bosses of the Land Authority are being charged for cheating.
Why are we so lenient on those who abuse their positions of authority?
We should be lodging police reports on those who cheat and also those higher up who decide not to take the proper actions and instead cover up.
We cannot afford such leniency.

al_akee said...

So normal. After eating full, change.

Anonymous said...

Tuan Syed Mohamed, don't forget to immediately sack Arlida's cornies in IIB, Adlan, Ben Hanafiah, Sam, Rostam.

Anonymous said...

yatiman, i totally agree with you.

en-loi said...

thats the problem with heads of all GLC. cronyism at its ugliest!

arlida is not the only one to face the axe but more. those at the helm of any GLC should be fully investigated.

what happens to zarinah anwar? after all the attacks on her, the govt still covers her arse!

Anonymous said...

how clean is azaman mokhtar, nobody knows but being a khazanah chief, he cant help but to facilitate in some dealings involving friends too. he cant deny that. and dont say he never get any kickbacks from any dealing!

makan tulang said...

si syed ni kawan baik amok. lagi hebat dia ni. ramai kroni gak.

hancuuussssss!!!

Anonymous said...

padan muka dia. laki dia dapat banyak kontrak di iskandar malaysia, orang lain melutut depan dia pun tak dapat. kalau dapat pun, dah tinggal tulang!

Anonymous said...

to me all GLCs need total clean up. khazanah is of no exception!

tiga bini said...

syed mohamed syed ibrahim?

oh no!

azman is so blind!

the govt is also blind!

hulk hogan said...

huggies.... u are damn rite!

they keep on changing diapers! they eat too much and shit too much also!

ayam golek said...

nampaknya kemasukan syed mohamed boleh diibaratkan sebagai iskandar malaysia keluar kandang harimau, masuk kandang singa!

memang kena ratah hidup2 la iskandar lepas ni.

kita sama2 tengok. aku dah kerja dengan syed ni, aku tau la siapa dia!

Anonymous said...

kalau ada bukti arlida salahguna kuasa, dakwa dia.

kalau tidak, minta maaf kat dia.

korang ni memang suka menuduh dan mengata orang.

aku ni kawan baik arlida, tau!

darling said...

its time for the macc to go to each and every glc.

this is bad for the country and the govt.

ex-bujang 87 said...

MCKK?

ni dah jadi macam halim saad dulu, masa dia ambil alih nstp!

berat ni, bro... berat!

Malaysia Manaboleh C? (MMC) said...

With Syed Mokhtar buying over UEM Group which include UEM Land, Nusajaya will be controlled by MMC. So it is a matter of time before IIB will be sucked into MMC Group. Therefore, it is very logical indeed to put Syed Mohamed of MMC subsidiary (DRB) to lead IIB before initiating the next merger with MMC Land.

Mini Mouse said...

Another Malaysia sad episode of Chairman and Board removed the CEO, similar too Sime Darby whereby Tun Musa removed the poor guy, Zubir. Don't just removed the CEO, but they should get rid of the Board of Directors as well, especially those idiots from Khazanah for closing their eyes too long, esp Mr Chairman, Azman M (M for mangkuk), and Ganen (too much talking but no results).

Anonymous said...

Aku pun kawan baik Arlida, susah sikit hendak jumpa dia, selalu tak de ofis sebab manjang overseas, kalau compare dengan Najib, aku rasa Arlida lebih selalu overseas. Sibuk ler katakan. Kesian juga dekat dia. Ye ler, dia selalu overseas, kena ler suruh suami dia tolong handled projek-projek kat Johor.

Anak limau said...

Dear Sir,

You will find out along the way that Azman Mokhtar and Syed Mohamad DID NOT know each other. Syed Mohamad came highly recommended (read Big Dog's), having served and led the property divisions at Sime and Tabung Haji and latest DRB. His year-long stint in Saudi Arabia makes him a good candidate for Iskandar, which is wooing Sheikh dollar. Syed is also Johoean and is known to be an honest-to-goodness man.

Let's hope for the best for Iskandar under the new man. God knows we need a SUCCESS story!

Thank you.

Anonymous said...

easy to condemn than to be one taking all the responsibility of making Iskandar Malaysia a reality. Take the helm and let's see if all the person that 'pandai cakap' and know all so much about what's going on in IIB can do as great job as what she does.too many PHD people out there right?

Anonymous said...

Arlida kurang cerdik dia bagi hubby lebih byk drp dia bagi kat AMOK...si org baru ni dah janji nak bagi sama rata or amok dpt byk sikit...amok is too powerful even for MACC or PM to take action...

Anonymous said...

Sepandai pandai tupai melompat, akhirnya jatuh juga ke tanah.

Anonymous said...

Syed Mohamad dulu di Johor SEDC ada skandal. Satu Johor tahu cerita dia. Memang hancus IIB.

Anonymous said...

I have observed Azman over the years and he is professional in his job. There were 2 incidents in IIB that required the removal of high level staff, trust me it was right of him to do so.Khazanah themselves are made up of high calibre staff of all creed and colours! Kudos to Amok. IIB unfortunately comprised of a bunch of goons from the top to the bottom, only the good ones left early on knowing the crap they were surrounded with!

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