Former PUNB execs acquitted


KUALA LUMPUR: A former chief executive officer of Perbadanan Usahawan Nasional Bhd (PUNB), Ahmad Zukni Johari, and company secretary Mohd Aminuddin Mohd Zain have been acquitted of falsifying share and bond certificates amounting to US$5bil (RM19bil).

They have been freed by Sessions Court judge S.M. Komathy Suppiah after she ruled that their acts in issuing the bond without the sanction of the board of directors was “foolish and an abuse of authority but not criminal.”

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Nation

Veteran Sabah civil servant Simon Sipaun passes away at 88
Malaysian automotive industry leader supports ruling to ban 'hidden' car door handles
Base MHIT plan to cover controlled pre-existing conditions, says Dr Dzul
Safeguards will be in place for India's UPI system, says official
Man detained after attempt to evade police, drugs seized
'No more being soft on betrayal': Kota Melaka Bersatu chief urges tough action
Bersatu disciplinary board hauls up Hamzah, four others on Feb 12, says notice
Sabah to look into claims of Semporna accommodations being owned by foreigners, says Jafry
There are laws, no need to be vigilantes, says Fahmi
Fire breaks out at factory in Seapark

Others Also Read