AsiaOffshore

Tanjung Offshore saga continues as company lodges police report

Kuala Lumpur: Tanjung Offshore has announced today that it has lodged a police report against two directors of the company, Tan Sri Tan Kean Soon and Muhammad Sabri bin Ab Ghani, who were suspended from their executive positions last month for alleged misconduct that may have contributed to the cancellation of Tanjung’s takeover of Bourbon Offshore Asia Pacific.

Tan and Sabri were accused of several instances of possible conflict of interest and breach of fiduciary duty, both individually and together. However on Monday, Tan declared that he would set the record straight and tell his side of the story, claiming “What has been told so far is only one-sided and I am certainly blameless”.

In its announcement on Bursa Malaysia, the company references Tan’s claims stating that he was given “ample opportunity to present his concerns” to an independent committee which was set up last month following media reports of possible misconduct. It claims Tan declined to attend interviews with the committee, or to make any statement despite several reminders to attend the interviews.

Additionally, Tanjung Offshore said that at the request of Tan, his personal legal advisor was made a member of the committee but attended only the initial two meetings which took place daily over a two week period.

No update was given in regards to Dato Harzani bin Azmi, another paid advisor to the company, who was also suspended last month.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
Back to top button