News Formal

Bung Moktar and wife’s corruption trial: Felcra board of directors aware of risks involved in unit trust investment, witness tells court | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 86%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Bung Moktar and wife’s corruption trial: Felcra board of directors aware of risks involved in unit trust investment, witness tells court

KUALA LUMPUR, April 8 — Former Felcra Bhd group chief financial officer told the Sessions Court today that Felcra’s board of directors was aware that the decision to invest RM150 million in Public Mutual Berhad’s unit trust was risky.

“However, the decision on the investment was not presented or discussed in the top management council meeting,” he said during cross-examination by lawyer Datuk K Kumaraendran, representing Datin Seri Zizie Izette Abdul Samad, at the corruption trial involving Kinabatangan Member of Parliament Datuk Seri Bung Moktar Radin and his wife before Judge Rozina Ayob.

Asked by Kumaraendran whether former Felcra chief executive officer Datuk Ramlee Abu Bakar raised any issues during the presentation, the witness said the CEO only wanted to know the reason the unit trust investment was not brought to the MPT. He also agreed with Kumaraendran’s suggestion that the board had never approved any amount to be invested by Felcra.

 

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

 /  🏆 1. 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.

Bung Moktar trial: Ex-CFO says Felcra board knew RM150m investment risksThe decision to invest was however not discussed with top management.
Källa: malaysiakini - 🏆 20. / 51 Läs mer »

Felcra board of directors aware of investment risk, court told in Bung’s graft caseKUALA LUMPUR: Felcra's board of directors was aware that the decision to invest RM150mil in Public Mutual Berhad's unit trusts was risky, the Sessions Court was told. Understanding the investment risk and knowing the investment are two different representation, Right ?
Källa: staronline - 🏆 4. / 75 Läs mer »

Felcra board of directors aware of investment risk, court told in Bung’s graft caseKUALA LUMPUR: Felcra's board of directors was aware that the decision to invest RM150mil in Public Mutual Berhad's unit trusts was risky, the Sessions Court was told. Understanding the investment risk and knowing the investment are two different representation, Right ?
Källa: staronline - 🏆 4. / 75 Läs mer »

Bung Moktar trial: Ex-CFO says Felcra board knew RM150m investment risksThe decision to invest was however not discussed with top management.
Källa: malaysiakini - 🏆 20. / 51 Läs mer »