News Formal

Then Finance Minister recommended Felcra to invest RM150m in unit trust

  • 📰 malaysiakini
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

A former board member testifies today that this was despite its board initially only approving investment of RM50 million.

The then Finance Minister had recommended to then Felcra chairperson Bung Moktar Radin for Felcra to invest RM150 million in unit trust despite its board initially only approving investment of RM50 million, its former board member testified today.

Fifth prosecution witness Habibah Suleiman also claimed that on receiving the recommendation, Bung had bypassed Felcra’s board of directors to unilaterally make the decision to invest RM150 million of Felcra’s funds in Public Mutual’s unit trust.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 20. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Half-half

3% commission

Haha. The finance minister is also the bugis pirate.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Finance Ministry announces formation of unit to monitor ESP 2020 implementation | Malay MailKUALA LUMPUR, March 16 ― The Ministry of Finance (MoF) has announced the formation of an inter-agency economic stimulus implementation and coordinating unit (LAKSANA) at the ministry to monitor the implementation of the 2020 economic stimulus package (ESP 2020). Minister Tengku Datuk Seri Zafrul...
Source: malaymail - 🏆 1. / 86 Read more »