MACC remands Icon Offshore CEO and COO to assist in investigations

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KUALA LUMPUR (April 22): The Malaysian Anti-Corruption Commission has remanded Icon Offshore Bhd’s chief executive officer (CEO) Dr Jamal Yusof and chief operating officer (COO) Rahman Yusof to “facilitate and assist [in] investigations” currently being conducted by the anti-corruption agency.

However, Icon Offshore  said it is not aware of the “details of the nature of the investigations or their status”.

In a statement to Bursa Malaysia this evening, the company said it is still committed to upholding the company’s corporate values that promote integrity throughout the entire company.

Icon Offshore said it has a code of conduct that places high priority on upholding high ethical standards.

“The board takes serious exception to any breaches in policies and integrity, and will not hesitate to take appropriate actions if necessary.
 
“We will continue to monitor the situation and any material development shall be announced,” it said.

Icon Offshore ended the day 1.5 sen or 2.1% down at 68.5 sen, translating into a market capitalisation of RM806.37 million.