In a statement, Wan Nadiah said she had not been accused of any crime, criminal breach of trust, financial mismanagement or integrity-related issues.
“In any event, I continue to firmly deny all the allegations of misconduct the company has made against me and will be exploring all available options for a fair resolution, including seeking legal recourse,” she said.
In a bourse filing today, the firm said that it had deliberated on Wan Nadiah’s years of service, performance records, her mitigation letter as well as findings of an independent domestic inquiry on five allegations of misconduct levelled against her.
It said that the allegations, pertaining to her role as group CEO and CEO of Thomson Hospitals Sdn Bhd, are in respect of the termination of agreements by insurance companies and issues arising from an ICT works agreement and its implementation.
Yesterday, The Edge reported that TMC’s shareholders had voted to remove Wan Nadiah as a director of the healthcare provider.
The group was reported to have received a representation letter last month following a requisition notice from its two largest shareholders, Sasteria (M) Pte Ltd and the Regent of Johor, Tunku Ismail Sultan Ibrahim, seeking an extraordinary general meeting to remove her.
Wan Nadiah was suspended from her roles as CEO of TMC and Thomson Hospitals in January.
She initially faced six allegations of misconduct, which grew to 15 in March, reduced to eight in August, and ultimately narrowed to five during the recent domestic inquiry proceedings.
Wan Nadiah had contested the allegations, claiming that the group was attempting to shift the blame to her for certain contract decisions.
She said today that one allegation related to the termination of a hospital agreement by Great Eastern Life Assurance (M) Bhd in October 2023, while the second and third allegations related to a service agreement termination for Allianz Life Insurance Bhd in March, after her suspension.
She said the fourth and fifth allegations related to an ICT works agreement with T-Systems Malaysia Sdn Bhd in October 2020, which “the firm now alleges inadequately protected its interest”.