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%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Half-half

3% commission

Haha. The finance minister is also the bugis pirate.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 20. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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...
Källa: malaymail - 🏆 1. / 86 Läs mer »