Felcra CEO not told of proposal to invest RM50mil in unit trusts due to office ‘cold war’, says witness


Bung Moktar and wife Zizie.

KUALA LUMPUR: The Sessions Court was told that Felcra’s proposal to invest RM50mi in Public Mutual Berhad unit trusts was made without the chief executive officer (CEO) Datuk Ramlee Abu Bakar knowledge as there was a “cold war” happening within the Federal Land Consolidation and Rehabilitation Authority (Felcra).

Former Felcra group chief financial officer (CFO) Mohd Azmy Abu Samah, 54, said he did not announce the investment proposal after discussion with the chief investment officer (CIO) Datuk Zulkarnain Md Eusope.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

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

Perlis MB discharged from hospital
Perlis Perikatan unrest a 'family matter' to be solved amicably, says Shahidan
Twelve Orang Asli held for alleged trespass on Rompin oil palm plantation
Sabah MACC proposes governance improvements for state rural housing programme
Probe launched over alleged assault by cops during search
Not all Doctors can practise medicine, says MMC
MACC uncovers high-profile cases, recovers assets worth over RM8.4bil as of Nov 30
Selangor Sultan extends Christmas greetings
'Bossku will not give up,' says Najib's son
Sultan Ibrahim visits high-tech defence facilities in Abu Dhabi

Others Also Read