Minister caused Felcra investment to go up to RM150mil, court told

Former Felcra chairman Bung Moktar Radin is accused of receiving RM2.8 million in bribes to secure a RM150 million investment by Felcra in unit trust funds.

“I assumed that Bung Moktar made amendments to increase the RM50 million to RM150 million after he told us about the minister’s recommendations,” Habibah said in her witness statement in the Kinabatangan MP’s corruption trial. “I told the board meeting that it was risky to invest in unit trust funds at the time because of the economic situation.

Earlier, former Felcra chief executive officer Ramlee Abu Bakar testified that any proposals on investments into must go through the management first and later submitted to the board of directors.

150 mil ... to wife's unit trust account. The audacity of this guy is beyond me and beyond millions of Malaysians. But there are millions of other Malaysians that support UMNO the party which he is in and would support him if he was a minister, just because he's..a Muslim.

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Then Finance Minister recommended Felcra to invest RM150m in unit trustA former board member testifies today that this was despite its board initially only approving investment of RM50 million. Haha. The finance minister is also the bugis pirate. 3% commission Half-half
Fonte: malaysiakini - 🏆 20. / 51 Leggi di più »

Then Finance Minister recommended Felcra to invest RM150m in unit trustA former board member testifies today that this was despite its board initially only approving investment of RM50 million. Haha. The finance minister is also the bugis pirate. 3% commission Half-half
Fonte: malaysiakini - 🏆 20. / 51 Leggi di più »