GEORGE TOWN – Datuk Zaid Ibrahim, hinting at discrepancies at law firm Zaid & Co, cited two possible decisions behind his removal as chairman barely four days after assuming the position.
Expressing disgust over the sacking on Twitter, Zaid said he had as chairman terminated a long-term outsourcing arrangement with a Singapore company for the management of the firm’s account and appointed an expert to see if outsourcing contracts were done at arm’s length.
He did not elaborate further.
Zaid founded Zaid & Co, one of the biggest corporate law firms in the country, in 1987. After a political hiatus, he had assumed the position of chairman.
Attempts to contact him to clarify his social media remarks were futile.
Zaid has yet to comment at length over the reasons behind his removal. His removal was reported from an internal memo sighted by The Vibes.
The memo said the company’s partnership council had unanimously decided to revoke his appointment as chairman, upon deliberation of “further information received”.
It was reported earlier that Zaid would return to the law firm he had helped to form 33 years ago before venturing into politics.
Zaid served as minister in the prime minister’s department in charge of law and judicial reform, under former prime minister Tun Abdullah Ahmad Badawi, for six months in 2008 before he resigned.
It was reported last month that his appointment as chairman would take effect from November 1.
Zaid was then quoted as saying that he was delighted to be back to work with the younger partners.
According to the Zico Law website, Zaid Ibrahim & Co was established on June 1, 1987. – The Vibes, November 12, 2020
