Icon Offshore gives CEO and COO six months to fight corruption claims

Icon Offshore gives CEO and COO six months to fight corruption claims

Kuala Lumpur: The board at under fire Icon Offshore have agreed to give their CEO and COO up to six months leave of absence to fight corruption claims. The pair were questioned by the Malaysian Anti-Corruption Commission last week.

The OSV operator, which listed in Kuala Lumpur last year, is promoting Captain Hassan Ali, the current deputy CEO, to take on the CEO role temporarily.

The company is owned 44.69% by Ekuiti Nasional and is Malaysia’s largest pure play OSV operator.

The board maintained in a release that business operations “remain unaffected by the current challenges” and continue as usual.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

Related Posts