Haibah Suleiman says board was told by Bung Moktar Radin the recommendation came from the finance ministry. FMTNews BungMokhtar Felcra
Former Felcra chairman Bung Moktar Radin is accused of receiving RM2.8 million in bribes to secure a RM150 million investment by Felcra in unit trust funds.
“I assumed that Bung Moktar made amendments to increase the RM50 million to RM150 million after he told us about the minister’s recommendations,” Habibah said in her witness statement in the Kinabatangan MP’s corruption trial. “I told the board meeting that it was risky to invest in unit trust funds at the time because of the economic situation.
Earlier, former Felcra chief executive officer Ramlee Abu Bakar testified that any proposals on investments into must go through the management first and later submitted to the board of directors.
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