I just heard that FA of Malaysia Treasurer, Datuk Cheong Keap Tai, has resigned from his post, effective immediately.
As of now, I am still searching for confirmation, because it seems that everyone in FAM have been told to keep their mouth shut.
General Secretary, Datuk Azzuddin Ahmad, was apparently very angry, but I have no independent sources to verify this bit of rumours, too.
If all this is true, I fear for FAM. Because Datuk Cheong - formerly with PriceWaterhouse Coopers auditing firm - is one excellent manager of financial matters in FAM. Thanks to him, FAM still have plenty of money in the fixed deposit.
When he took over the financial mantle in early 2000, Datuk Cheong has been responsible in recovering several million ringgits which was lost due to bad investment strategies by the previous treasurers.
I know this for a fact, because at that time, I was privileged to observe this first hand when I was still in the employment of FAM.
There are many rumours behind this sudden decision to resign, mostly because of ‘chaotic and problematic relationship’ with FAM Secretariat headed by Azzuddin.
Again, I need help to verify this. Please.