Former Felcra Bhd group chief financial officer told the Sessions Court Friday that Felcra’s board of directors was aware that the decision to invest RM150 million in Public Mutual Berhad’s unit trust was risky
Former Federal Land Consolidation and Rehabilitation Authority (Felcra)’s group chief financial officer (CFO) told the Sessions Court Thursday that he had received direct instructions from Kinabatangan MP Datuk Seri Bung Moktar Radin to expedite the board of directors’ resolution on Felcra’s RM150 million investment in Public Mutual Berhad’s unit trusts
KUALA LUMPUR: Felcra's board of directors was aware that the decision to invest RM150mil in Public Mutual Berhad's unit trusts was risky, the Sessions Court was told.
KUALA LUMPUR: The Sessions Court was told that the former Felcra CFO had received direct instructions from Kinabatangan MP Datuk Seri Bung Moktar Radin to expedite the board of directors’ resolution on Felcra’s RM150mil investment in Public Mutual Bhd's unit trusts.
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.