Posted 2/11/2024, 12:40:28 PM
LTAT Chairman Resigns Over Disagreement on Boustead Restructuring Plan
- Former LTAT chairman Raja Affandi resigned but the defense minister claimed he retired
- Raja Affandi says his straightforward resignation letter stated his reasons for resigning
- Raja Affandi resigned due to a disagreement over restructuring of LTAT subsidiary Boustead Holdings
- Raja Affandi's resignation follows the departure of LTAT CEO Ahmad Nazim Abdul Rahman in February
- Nazim resigned after a plan to "reset" Boustead Group was put on hold when Khaled was appointed defense minister