Former CFO tells court he was ordered by Bung Moktar to expedite Felcra board RM150m investment resolution | Malay Mail

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Former CFO tells court he was ordered by Bung Moktar to expedite Felcra board RM150m investment resolution

KUALA LUMPUR, April 6 — Former Federal Land Consolidation and Rehabilitation Authority ’s group chief financial officer told the Sessions Court today 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.

In previous proceedings, Mohd Azmy told the court that chief investment officer Datuk Zulkarnain Md Eusope had advised him on the “cold war” between the old team and new team and there was a possibility that relation between the chairman and the chief executive officer Datuk Ramlee Abu Bakar was not good.

Touching on Felcra’s investment in Public Mutual Berhad’s unit trusts, Mohd Azmy said he had been advised not to report it as the investment proposal came from Bung Moktar. In his reply to a question about his relationship with Bung Moktar’s wife, Zizie Izette, Mohd Azmy explained that he did not have either a casual or professional relation because he had only met the actress twice and they had never talked.

 

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