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Alam Maritim Resources Says Group CEO Under MACC Remand

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Alam Maritim Resources (KLSE:ALAM) said its group managing director and group chief executive officer Azmi Ahmad is under remand to facilitate an ongoing investigation by the Malaysian Anti-Corruption Commission (MACC).

The company said the remand does not mean any wrongdoing has been established, according to a Monday Malaysian bourse filing.

Alam Maritim Resources said that it has taken steps to ensure operations continue smoothly.

Shares of the oil and gas services company were down nearly 2% in afternoon trade.

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