Former Bank Rakyat MD, chairman acquitted of CBT over RM15mil book project

KUALA LUMPUR: The Sessions Court here has freed former Bank Rakyat managing director Datuk Mustafha Abd Razak and the bank’s former chairman Tan Sri Abdul Aziz Zainal for committing criminal breach of trust and abetment respectively involving near RM15mil.

The case was in relation to a biography book on a prominent political figure project.

Judge Madihah Harullah acquitted and discharged Mustafha, 50, and Abdul Aziz, 67, after the Malaysian Anti-Corruption Commission (MACC) Deputy Public Prosecutor Afzainizam Abdul Aziz informed the court that they have withdrawn the charges against the two.

Judge Madihah later acquitted and discharged the duo on Monday.

Mustafha and Abdul Aziz were charged on Sept 7, 2016, where they claimed trial to the charges.

Mustafha allegedly committed the offence related to the bank's group marketing expenditure allocation at Bank Rakyat Twin Tower, No. 33 Jalan Travers here on March 11, 2016, and was charged under Section 409 of the Penal Code.

Abdul Aziz, who was entrusted with the allocation of group marketing expenses totalling RM14,991,283.20, was charged with abetting Mustafha in committing CBT at the same time and place.