An initial proposal to invest RM50 million in a unit trust fund was done without the knowledge of Felcra Sdn Bhd chief executive officer (CEO) as there was a cold war between the “old and new teams”, the sessions court heard in the corruption trial of Kinabatangan MP, Datuk Bung Moktar Radin (pic) and his wife, Zizie Izette Abdul Samad
KUALA LUMPUR, March 28 The Sessions Court today was told that Felcra’s proposal to invest RM50 million in Public Mutual Berhad unit trust was made without the knowledge of the chief executive officer (CEO) Datuk Ramlee Abu Bakar as there was an office cold war in Federal Land Consolidation.
KUALA LUMPUR: The Sessions Court was told that Felcra’s proposal to invest RM50mi in Public Mutual Berhad unit trusts was made without the chief executive officer (CEO) Datuk Ramlee Abu Bakar knowledge as there was a “cold war” happening within the Federal Land Consolidation and Rehabilitation Authority (Felcra).
KUALA LUMPUR (Jan 11): A witness told the Sessions Court here today that that Federal Land Consolidation and Rehabilitation Authority (Felcra) Berhad has paid RM150 million through five transactions to Public Mutual unit trusts for investment purposes.
Former Felcra investment unit finance manager Esah Abas, 62, said this in the corruption trial of Datuk Seri Bung Moktar Radin (pictured), who was then Felcra non-executive chairman, and his wife Datin Seri Zizie Ezette A. Samad.
The 10th prosecution witness said that the payment by Felcra was made through five payment vouchers dated May 18, 2015.
“The five payment vouchers referred to me were provided by me on the instructions of Azriman Ridouan who was Felcra s credit control senior manager at that time. Vouchers are provided based on a copy of a letter to Affin Islamic Bank Berhad entitled Transfer Money from Felcra Berhad current account.