KUALA LUMPUR: The Finance Ministry agreed to approve the RM150mil investment by the Federal Land Consolidation and Rehabilitation Authority (Felcra) in Public Mutual Berhad unit trust after three investment proposal papers were submitted by Kinabatangan MP Datuk Seri Bung Moktar Radin, a Sessions Court was told.
Former Felcra Berhad group chief financial officer (CFO) Mohd Azmy Abu Samah, 54, said Bung who was then the non-executive chairman of the agency submitted three working papers involving investments of RM50mil, RM100mil and RM150mil for the ministry’s consideration.
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