Bung Moktar and wife’s corruption trial: Zizie Izette eligible to receive RM2.8m introduction fee, witness tells court | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 56 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 86%

Malaysia Headlines News

Malaysia Latest News,Malaysia Headlines

Bung Moktar and wife’s corruption trial: Zizie Izette eligible to receive RM2.8m introduction fee, witness tells court

KUALA LUMPUR, Jan 27 — The Sessions Court here today was told that Datuk Seri Bung Moktar Radin’s wife, Datin Seri Zizie Izette Abdul Samad was eligible to receive an introduction fee of RM2.8 million as the actress introduced her husband to obtain Felcra’s approval to invest RM150 million in Public Mutual unit trusts.

“I’m an expert who tells Malaysians about the benefits of unit trusts, but I can’t get into big companies that don’t know what I’m doing,” she said. “Upon getting the commission, Madhi and I discussed the management of the commission taking into account factors such as Felcra’s investment management, and long-term operating costs as these investments take over seven years to mature, and we also take into account tax costs to manage during that period,” she said.

“As far as I remember, the RM2.2 million advance payment in cash at Public Bank in Melawati was managed by Madhi, the remaining RM800,000 was put back into Public Mutual Berhad in the name of Datin Seri Zizie Izette,” said Norhaili. The witness said she could not remember how many cheques had been issued, but that the name Public Mutual Berhad and Zizie Izette’s identity card number were written on them.

On May 3, 2019, Bung Moktar pleaded not guilty to two charges of accepting bribes amounting to RM2.2 million and RM262,500 as an inducement to obtain Felcra’s approval to invest RM150 million in Public Mutual unit trusts.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I introduced a friend and he bought a fund from public mutual… tapi… tak dapat apa2 pun…

Jail and jail 👏🏿👍🏿

Wow 🤩

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in MY

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.