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.
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: A former chairman of the Labuan Financial Services Authority (LFSA) was charged in two Sessions Courts here on two charges of using his position for gratification two years ago.
The sessions court has allowed an application by the prosecution to cross-examine a witness who has turned hostile in the corruption trial of Kinabatangan MP Bung Moktar Radin and his wife, Zizie Izette Abdul Samad, over a unit trust investment