Acquitted: Bank Rakyat chairman and MD charged at KL Sessions Court over CBT involving RM15m.

Wheelchair-bound ‘Datuk Seri’ arrested, said to be related to case of ‘bullet-riddled’ body found in Cheras, Kuala Lumpur #BigShortCrime

Kemaman: Who is the Datuk Seri arrested for illegal logging with 3 others?

Bill Kayong killing: Datuk suspect is in Australia. ‘Safe’ just like Sirul?

Former Ex Kuala Lumpur CID chief, Datuk Ku Chin Wah, charged under Anti-Money Laundering Act…

7 September 2016

: Bank Rakyat chairman Tan Sri Abd Aziz Zainal & its MD Datuk Mustafha Abd Razak charged at KL Sessions Court over CBT involving RM15m

25 June 2018

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Anti-Corruption Commission (MACC) Deputy Public Prosecutor Afzainizam Abdul Aziz informed the court that they have withdrawn the charges against the two.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.
.
Read more at https://www.thestar.com.my/news/nation/2018/06/25/former-bank-rakyat-md-chairman-acquitted-of-cbt-over-rm15mil-book-project/#Qm6LeveTMpQHXSm3.99

7 September 2016 | MYT 10:49 AM

Bank Rakyat chairman and MD charged

KUALA LUMPUR: Bank Rakyat chairman Tan Sri Abdul Aziz Zainal was charged with abetting the bank’s managing director in committing criminal breach of trust in connection with the RM15mil book publishing case.

The bank’s MD Datuk Mustafha Abd Razak was charged with CBT involving marketing expense of RM14,991,293.

The two accused arrived at the Sessions Court of judge Madihah Harullah at about 9.45am accompanied by their lawyers and family members.

More to come.

http://www.thestar.com.my/news/nation/2016/09/07/bank-rakyat-chair-charged-abetting-mb-with-cbt/?utm_source=dlvr.it&utm_medium=twitter

The chairman and the 48-year-old managing director were detained over a multi-million-ringgit book publishing contract and a project to upgrade the bank system.

Merdeka Day
31 August 2016

In 1977, the late Harun Idris, who was then chairman of Bank Rakyat, and two officials, were jailed for corrupt practices.

(http://www.freemalaysiatoday.com/category/nation/2016/08/31/not-the-first-scandal-to-strike-bank-rakyat/)

From the early 1970s until 1976, Harun was the Head of Umno Youth and Supreme Council member. He was then expelled from UMNO and charged with corruption by the government, due to his abuse of state funds.

https://en.wikipedia.org/wiki/Harun_Idris

Not the first scandal to strike Bank Rakyat

August 31, 2016

In 1977, the late Harun Idris, who was then chairman of Bank Rakyat, and two officials, were jailed for corrupt practices.
.

zzz.jpg

PETALING JAYA: The arrest of Bank Rakyat chairman Abdul Aziz Zainal to help in the investigation into an alleged corruption case involving RM15 millon is not the first scandal to hit the bank.

In 1977, its then bank chairman, the late Harun Idris, was sentenced to jail for corruption, according to a report in The Star.

Abdul Aziz, 65, is one of three people from the bank to be questioned over a multimillion-ringgit book publishing contract and a project to upgrade the bank’s system.

Nearly RM1 million in Abdul Aziz’s bank account has been frozen pending the probe.

Harun, the former Selangor menteri besar, was arrested and charged together with the bank’s managing director Abu Mansor Basir and general manager Ismail Din.

They were accused of forging minutes of a meeting for the purpose of cheating the bank by pled­ging its stocks to the First National City Bank (now Citibank) to get letters of credit for Tinju Dunia Sdn Bhd to stage the Muhammad Ali vs Joe Bugner fight, causing Bank Rakyat to lose RM7.9mil.

In 1977, the High Court sentenced Harun to six months jail for forgery and a RM15,000 fine for the abetment of criminal breach of trust, said The Star report.

Abu Mansor was handed a two-year jail sentence while Ismail was sentenced to a year’s imprisonment.

Later the same year, the Federal Court upheld the conviction and increased Harun’s sentence to four years. It also increased Abu Mansor’s jail term to three years but reduced Ismail’s to a day’s jail and a RM10,000 fine.

However, after serving three years, the Yang di-Pertuan Agong pardoned Harun in 1981, said the report.

A White Paper that was presented in Parliament in June 1979 revealed that as at December 1975, there was an accumulated loss of RM65 million.

http://www.freemalaysiatoday.com/category/nation/2016/08/31/not-the-first-scandal-to-strike-bank-rakyat/

30 August 2016

 

z

The Malaysian-Anti Corruption Commission (MACC) has obtained a seven-day remand order on the chairperson of a government-linked bank.

Star

30 August 2016

MACC picks up bank chief

PETALING JAYA: Bank Rakyat chairman Jen (ret) Tan Sri Abdul Aziz Haji Zainal has been detained for questioning over a RM15mil case, the second top level person from the bank to be hauled up by the MACC.

The bank’s managing director, Datuk Mustafha Abd Razak, was detained on Thursday and has since been remanded.

MACC investigation director Datuk Azam Baki confirmed that the commission had moved in yesterday.

“I confirm the arrest. It is to facilitate the ongoing investigation,” he said, declining to elaborate further

A source told The Star that the chairman was detained at his office in Jalan Rakyat at about 1.15pm yesterday.

“Nearly RM1mil of the suspect’s cash in his bank account has been frozen pending the probe. We went to his office to detain him,” he said.

http://www.thestar.com.my/news/nation/2016/08/30/macc-picks-up-bank-chief-abdul-aziz-questioned-over-rm15mil-case-after-md-held/?utm_source=dlvr.it&utm_medium=twitter

29 August 2016

anotherbrickinwall : Why no statement from Bank Negara on Bank Rakyat investigation?: When…

Malay Mail Online

Report: MACC to question bank chairman over RM15m graft case

KUALA LUMPUR, Aug 29 — The chairman of a government-linked bank is the latest individual to be questioned by the Malaysian Anti-Corruption Commission (MACC) in connection to the alleged misappropriation of RM15 million.

According to online news portal The Star Online, the 65-year-old retired army general is the second banker from that same financial institution to be questioned, the first being a 48-year-old managing director who was arrested on Thursday.

The MACC is investigating allegations of corruption involving a contract for a book deal on a national leader through a tender system said to be worth RM15 million that was awarded to a city-based publisher. However, the book reportedly never went to print.

The commission arrested eight people last week to help with investigations, including a “Datuk” bank executive, another executive of the same bank, the publishing company’s managing director and one of its employees. They are currently held under a three-day remand order. The other four people have since been released. They are: two female lawyers, a book writer and the wife of a bank officer.

– See more at: http://www.themalaymailonline.com/malaysia/article/report-macc-to-question-bank-chairman-over-rm15m-graft-case?utm_source=twitterfeed&utm_medium=twitter#sthash.bx0rTFRp.dpuf

28 August 2016

In graft crackdown, MACC goes after ‘Tan Sri’, seizes Ferrari, Rolls-Royce

KUALA LUMPUR, Aug 28 — The Malaysian Anti-Corruption Commission (MACC) is moving into top gear in its war against graft and power abuse by aiming to stem the problem at the source, as two recent cases have shown.

After nabbing a “Datuk” bank executive suspected of practising corruption last week, the MACC has now identified a “Tan Sri” senior bank executive reportedly linked to misappropriating a whopping RM15 million in a book deal, Mingguan Malaysia reported today.

The weekend edition of Utusan Malaysia cited an unnamed source as saying the “Tan Sri” had used two law firms as fronts for the transactions before moving the money into several other bank accounts.

“It was understood when the law firms were established, the firms involved only had funds of around RM2,000. However, our latest find shows they now have hundreds of thousands of ringgit,” the anonymous source was quoted as saying.

The MACC was investigating allegations of corruption involving a contract for a book deal on a national leader through a tender system said to be worth RM15 million that was awarded to a city-based publisher. However, the book reportedly never went to print.

The commission arrested eight people last week to help with investigations, including the “Datuk”, another executive of the same bank, the publishing company’s managing director and one of its employees. They are currently held under a three-day remand order. The other four people have since been released. They are: two female lawyers, a book writer and the wife of a bank officer.

– See more at: http://www.themalaymailonline.com/malaysia/article/in-graft-crackdown-macc-goes-after-tan-sri-seizes-ferrari-rolls-royce?utm_source=twitterfeed&utm_medium=twitter#sthash.OAXnMGu7.dpuf

26 August 2016

: An MD of a bank, 3 others remanded for 3 days to assist MACC probe into alleged graft and abuse of power

z.jpg

25 August 2016

MACC arrests ‘Datuk’ from gov’t-linked bank, freezes RM8m

The Malaysian Anti-Corruption Commission (MACC) has arrested the managing director of a government-linked bank over suspicion of abuse of power and graft.

MACC’s director of investigations Azam Baki said the individual, who is a ‘Datuk’, was detained at his office in Kuala Lumpur at around 2pm following information from the public.

“He is believed to be involved in the tender to change the banking system and the publishing of a book related to a national leader,” he told Bernama.

Azam said as much as RM15 million was given to the publishing firm owned by someone with links to the suspect, but not a single copy of the book had been published to date.

MACC has also frozen RM8.1 million in various accounts, including that of the suspect.

https://www.malaysiakini.com/news/353604?utm_source=dlvr.it&utm_medium=twitter

MACC arrest GLC managing director for abuse of power and graft

PUTRAJAYA: The Malaysian Anti-Corruption Commission (MACC) today arrested a managing director of a government-linked company over alleged abuse of power and for receiving bribes.
.
The ‘Datuk’ was arrested at his Kuala Lumpur office at 2pm today for his part in a bank system tender exchange, as well as for the publication of books related to a prominent political figure.
.This was confirmed by MACC investigations director Datuk Azam Baki.Read More : http://www.nst.com.my/news/2016/08/168334/macc-arrest-glc-managing-director-abuse-power-and-graft

This entry was posted in Uncategorized and tagged , , . Bookmark the permalink.

1 Response to Acquitted: Bank Rakyat chairman and MD charged at KL Sessions Court over CBT involving RM15m.

  1. Pingback: 7 Bank officers in Sabah arrested: Which bank? Bank Rakyat. | weehingthong

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s