Felda Global Ventures Holdings Bhd’s (FGV) Group Chief Financial Officer Ahmad Tifli Mohd Talha would resume duty effective Oct 4, said the company in a filing to Bursa Malaysia today, according to Bernama. 

Ahmad Tifli was on leave of absence relating to the long outstanding debt of Safitex Trading LLC with Delima Oil Products Sdn Bhd, a subsidiary of FGV.

In June, Ahmad Tifli, together with Zakaria Arshad, group president and chief executive officer of FGV, and two other senior management officials were told to take a leave of absence pending a domestic probe into the purported wrongdoings between Delima Oil Products and Safitex.

Zakaria was purportedly suspended after he refused former FGV chairperson Isa Samad's request that he resigned over alleged wrongdoing the credit arrangements between the two companies.

However, Zakaria, in a letter to Isa, denied he had violated the corporate code of governance and had reportedly said that he had tried to stop hundreds of millions of ringgit in investments by the company's board, which he described as “ridiculous”.

These reportedly include a £100 million ((RM551 million) expansion plan for the loss-making Felda Cambridge Nanosystems Ltd and an RM300 million plan to acquire a 30 percent stake in a creamer factory. Zakaria had pointed out these were non-core businesses of FGV.