KOTA KINABALU: Sabah Mineral Management Sdn. Bhd. (“SMM” or “the Company”) hereby announces that it has undertaken a comprehensive internal investigation, which has revealed significant breaches of fiduciary duties, alleged fraudulent activities, misrepresentation / deception to the board of SMM and misconduct by the former Chief Executive Officer, Jontih Enggihon.
This statement was issued by by Natasha Sim the Chief Executive Officer of Sabah Mineral Management Sdn. Bhd.
In response to these findings, the Company has filed formal reports with both the Malaysian Anti Corruption Commission (“SPRM”) and the Royal Malaysia Police (“PDRM”).
The investigation identified multiple instances where Mr. Jontih acted beyond his authority and actions intended to benefit entities with potential conflicts of interest, in collusion with a third party representing a cartel of interests.
These actions were conducted without the knowledge or approval of the Board of Directors, constituting a serious breach of Company policies and governance standards.
In line with our commitment to transparency and legal compliance, SMM has also engaged
external legal counsel to explore further civil actions against Mr. Jontih to seek redress for any financial losses or reputational damage incurred by the Company.
SMM remains committed to upholding the highest standards of corporate governance,
transparency, and accountability in all its operations. The Company is dedicated to protecting the interests of its stakeholders and the people of Sabah and will not tolerate any form of misconduct that compromises the integrity of its operations.
SMM is cooperating fully with SPRM and PDRM in their investigations and will continue to
provide any assistance required to ensure that this matter is addressed in accordance with
Malaysian law.
This statement is made to keep stakeholders fully informed of the Company’s actions and
commitment to responsible management.-pr/BNN
