Annuar Musa has been suspended as Majlis Amanah Rakyat (Mara) chairman with immediate effect.
Mara committee member Yusof Yacob announced that Annuar has also been suspended as the head of Mara Investment Bhd (PMB).
The decision was made during an emergency meeting held at Mara headquarters in Kuala Lumpur on Tuesday morning, The Star Online reported.
It is learned that Yusof will assume all the positions held by Annuar.
When The Star Online contacted Annuar, said he accepted the decision but refused to elaborate as he had just been informed of the matter.
“I don’t know the details. I just received the phone call from Yusof. I have nothing to say,” he said when asked if he knew the reasons behind the suspension.
Annuar said he was on “official duties” in New Zealand.