Felcra

Bung Moktar said then-finance minister recommended RM150m Felcra investment, witness tells court | Malaysia

According to the first charge, Datuk Seri Bung Moktar (pic), 60, who was at that time the non-executive chairman of Felcra, was accused of taking a bribe of RM2.2 million in cash from Public Mutual’s investment agent Madhi Abdul Hamid, 38, through his wife Zizie Ezette. — Bernama pic
According to the first charge, Datuk Seri Bung Moktar (pic), 60, who was at that time the non-executive chairman of Felcra, was accused of taking a bribe of RM2.2 million in cash from Public Mutual’s investment agent Madhi Abdul Hamid, 38, through his wife Zizie Ezette. — Bernama pic

KUALA LUMPUR, March 16 — A member of the Felcra Berhad Board of Directors told the Sessions Court here today that Datuk Seri Bung Moktar Radin informed the then finance minister to recommend Felcra to invest RM150 million in Public Mutual Berhad Unit Trust in 2015.

Habibah Suleiman, 72, said she did not know that the amount of investment sought was RM150 million as the sum approved at the board meeting was only RM50 million.

Bung Moktar was then the non-executive chairman of Felcra.

“The board did ask YB Datuk Bung Moktar about the difference in amount that was invested in

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