No discussions on RM150mil investment during Felcra BOD meetings, says witness in Bung Moktar and wife's graft trial

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KUALA LUMPUR (Bernama): A former member of the Federal Land Consolidation and Rehabilitation Authority (Felcra) board of directors (BOD) told the Sessions Court that a new investment totalling RM150mil in the Public Mutual unit trust was never discussed during the board meetings before it was approved by then Finance Minister II Datuk Seri Ahmad Husni Hanadzlah.

Dr Habibah Suleiman, 72, said Ahmad Husni’s decision to approve the investment was conveyed to the Felcra BOD meeting in June 2015.

To a question on who had the final decision over the new investment, the fifth prosecution witness said:"Actually, all decisions must be made by the Felcra BOD.” Bung Moktar, 60, who was at that time the non-executive chairman of Felcra, was charged with taking a bribe of RM2.2mil from a Public Mutual investment agent Madhi Abdul Hamid, 38, through his wife Zizie Ezette.

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Bung Moktar, Zizie trial: No discussions on RM150m investment in Felcra BOD meetings, says witness | Malay MailKUALA LUMPUR, Aug 10 — A former member of the Federal Land Consolidation and Rehabilitation Authority (Felcra) board of directors (BOD) told the Sessions Court today that a new investment totalling RM150 million in the Public Mutual unit trust was never discussed in the board’s meetings before...
Source: malaymail - 🏆 1. / 86 Read more »

Bung Moktar, Zizie trial: No discussions on RM150m investment in Felcra BOD meetings, says witness | Malay MailKUALA LUMPUR, Aug 10 — A former member of the Federal Land Consolidation and Rehabilitation Authority (Felcra) board of directors (BOD) told the Sessions Court today that a new investment totalling RM150 million in the Public Mutual unit trust was never discussed in the board’s meetings before...
Source: malaymail - 🏆 1. / 86 Read more »