Abu Bekir Taib takes leave of absence from CMS following conflict of interest allegations

Cahya Mata Sarawak Berhad (CMS) logo

Follow and subscribe to DayakDaily on Telegram for faster news updates.

KUCHING, April 23: Cahya Mata Sarawak Berhad (“CMS” or “the Group”) today reported to the authorities allegations of conflict of interest involving Director and Deputy Group Chairman Dato Sri Mahmud Abu Bekir Taib and former Chief Information Officer, Karl Vink @ Khalid Abdullah. 

In a statement today, CMS said the allegations were received through the Group’s whistleblower channel. 

“Upon receipt of the whistleblower complaints, before reporting to the authorities, the Board acted immediately to carry out a full investigation to discharge its fiduciary duties to protect the best interest of the company and all stakeholders. 

“In order to facilitate a full and transparent investigation by the authorities, Dato Sri Mahmud Abu Bekir Taib has voluntarily taken leave of absence from all his positions in the Group.

“The Board assures all stakeholders that we have upheld the highest standards of corporate governance expected of the Board and have carried out our fiduciary duties to the best of our abilities,” said CMS.

Moving forward, CMS said the Board will continue steering the Group in full compliance with the law and continue to put stakeholders’ interests at the forefront. 

“We request all stakeholders to allow the investigations to proceed and patiently await the final outcome. The Board will cooperate fully with the authorities and has requested management to also extend their fullest cooperation.”

CMS thanked Dato Sri Mahmud Abu Bekir Taib for graciously taking leave of absence from all his positions in the Group, an exemplary conduct of good corporate governance. — DayakDaily