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.
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