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Felcra board of directors aware of investment risk, court told in Bung's graft case

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. ....

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Key witness denies giving contradictory statements to save Bung Moktar, Zizie Izette

KUALA LUMPUR: The prosecution's key witness in the corruption trial of Datuk Seri Bung Moktar Radin and his wife, Datin Seri Zizie Izette Abdul Samad in connection with investment in Public Mutual Berhad has denied giving contradictory evidence and fabricated stories to save the couple. ....

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Bung sought approval to invest RM150m in unit trust, court told | Daily Express Online

Bung sought approval to invest RM150m in unit trust, court told | Daily Express Online
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Bung Moktar sought approval to invest RM150m in unit trust from Finance Ministry, court told | Malaysia

Friday, 21 May 2021 10:26 PM MYT
Datuk Seri Bung Moktar Radin arrives at the Kuala Lumpur High Court May 21, 2021. Picture by Yusof Mat Isa
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KUALA LUMPUR, May 21 The Sessions Court was today told that Datuk Seri Bung Moktar Radin had submitted an application letter from the Federal Land Consolidation and Rehabilitation Authority (Felcra) Berhad to invest RM150 million in the Public Mutual unit trust whereas the Felcra Board of Directors only agreed to invest RM50 million.
Former Treasury deputy secretary-general for investments Datuk Seri Mohmad Isa Hussain, 61, said that during the board’s meeting on November 24, 2014, which he, Bung Moktar and several other members attended, it was agreed that RM50 million would be invested in the unit trust. ....

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Media personnel wait for arrival of Rosmah at court complex

Media personnel wait for arrival of Rosmah at court complex
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