SHAH ALAM: New leadership at Deftech. Malaysia’s biggest land defence firm, DRB-HICOM Defence Technologies Sdn Bhd (Deftech) has a new chief executive, it was made public early this month. I cannot find any announcement of the appointment apart from the fact that the company’s website had been updated with a picture of the new CEO and the top management which became effective on March 1.
The new Deftech CEO is Mohd Fazley Ariffin, who was the former CEO of Hicom Diecasting, another subsidiary of DRB Hicom.
As you aware the former CEO of Deftech was among three people detained in connection with the RM17 million graft case as reported by the Edge.
KUALA LUMPUR (May 13): DRB-HICOM Bhd confirmed today that the Malaysian Anti-Corruption Commission (MACC) has remanded two top executives of its wholly-owned subsidiary DRB-HICOM Bhd Defence Technologies Sdn Bhd (Deftech), in connection with a graft probe on an RM17 million defence contract.
“DRB-HICOM wishes to emphasise that the group and Deftech shall provide utmost cooperation to the authorities in this matter,” it said in a statement today.
The group did not provide any other details, other than saying it wished to confirm the media report on the matter.
News portal Malaysiakini reported earlier today that MACC had remanded a 53-year-old chief executive officer (CEO) of a company with the title ‘Datuk’ and its 45-year-old chief financial officer (CFO) on graft allegations.
Apart from the two Deftech executives( who were released after their remand period ended), a CEO from another company was also detained by MACC as part of their investigations into the case. It must be noted that so far no one has been charged in court in connection with the case.
The appointment of the new Deftech CEO came almost at the same time as the change in government (completely incidental) something that may well bring a clarity on the future of Deftech and DRB Hicom group as well. During the last administration, Deftech seemed to be on the outs despite being one of the biggest contractors for the Defence Ministry.
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