KUALA LUMPUR – Datuk Shahriman Shamsuddin has resigned as a director at Sapura Energy Bhd effective today, amid the Malaysian Anti-Corruption Commission’s (MACC) investigation into the alleged misuse of RM12 million linked to the oil and gas firm.
In a filing to Bursa Malaysia, Sapura Energy said Shahriman, 56, stepped down due to other commitments and cited that “there were no disagreements with the board or matters requiring shareholder attention”.
He had previously resigned as managing director of Sapura Resources Bhd on October 29, 2024.
The timing of Shahriman’s departure coincides with an ongoing MACC investigation involving two separate cases tied to Sapura Energy.
While no individuals have been arrested, MACC chief commissioner Tan Sri Azam Baki confirmed that assets and properties linked to a director of Sapura Petroleum and his family, as well as two luxury homes owned by the company’s CEO, have been frozen.
“The first case involves suspected abuse of RM12 million in 2018, during a period when Permodalan Nasional Bhd (PNB) injected funds into Sapura Energy, effectively making it a government-linked company,” Azam said.
He added that the case is being investigated under Section 23 of the MACC Act, which covers abuse of power for gratification.
In the second case, the MACC is probing alleged bribery involving US$3.3 million (approximately RM14 million) paid by a foreign company to a CEO in 2011 to secure a Sapura Energy project. The payment was said to have been routed through the Netherlands and Singapore.
“This second case is more complex and will take time due to the need for Mutual Legal Assistance (MLA) from several jurisdictions,” Azam said.
The investigations were initiated in March following preliminary findings from late 2023, focusing on alleged bribery and embezzlement activities dating back to when the company operated under the name Sapura Kencana Petroleum Bhd.