Former Aircel CEO, Kaizad steps down from Maxis board

Maxis Bhd non-executive director Kaizad B. Heerjee has stepped down from his post after the telco was allegedly embroiled in illegal money trails in India.

Kaizad, a Singapore national, was India’s Aircel Ltd CEO. He quit the debt-ridden firm last May.

In a filing with Bursa Malaysia, Maxis said Kaizad’s resignation was due to personal reasons.

Besides Maxis, it was reported last month that India’s Central Bureau of Investigations had filed a fresh charge sheet on several local tycoon Ananda Krishnan-controlled companies, including Bumi Armada and Bumi Armada Navigations (Malaysia) in relation to two illegal payments in the Aircel-Maxis case.

Maxis and Bumi Armada, however, clarified that they had not been served with any documents regarding the charge sheet.

In a separate filing, Maxis also announced the departure of another non-executive director Naser Abdulaziz A. AlRashed, citing personal reasons.