Then Finance Minister recommended Felcra to invest RM150m in unit trust

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.

Half-half

3% commission

Haha. The finance minister is also the bugis pirate.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

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...
Herkunft: malaymail - 🏆 1. / 86 Weiterlesen »