Maybank officer confirms RM100mil transfer from Felda to subsidiary

  • 📰 staronline
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 75%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

KUALA LUMPUR (Bernama): An assistant manager of the Jalan Raja Muda Maybank branch here told the High Court on Wednesday (Oct 9) that there was a transfer of RM100mil from Felda to its subsidiary, Felda Investment Corporation Sdn Bhd (FICSB), in May 2015.

Khursiah Md Taib, 46, confirmed this when reading out her witness statement on the third day of the trial of former Felda chairman Tan Sri Mohd Isa Samad for criminal breach of trust and corruption involving more than RM3mil.

"I confirm that FICSB applied for a transfer of RM97,993,061.23 from its Maybank current account to a Maybank account belonging to Gegasan Abadi Properties Sdn Bhd on May 28,2015. Khursiah also confirmed that a Maybank cheque in the name of FICSB for RM2,312,889.71 was paid to GAP account on Oct 29,2015.

 

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

What a**holes.

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:

 /  🏆 4. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

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

Witness: Mohd Isa had RM100mil signing authority on behalf of Felda subsidiaryKUALA LUMPUR (Bernama): The High Court here on Tuesday (Oct 8) was told that former Federal Land Development Authority (FELDA) chairman Tan Sri Mohd Isa Abdul Samad had signing authority for RM100 million in investments, on behalf of Felda Investment Corporation Sdn Bhd (FICSB), a wholly-owned subsidiary of Felda. hebat org melayu nih...sungguh bermaruah...maruah tinggi setinggi RM100 juta In the scheme of things, almost a blank cheque
Source: staronline - 🏆 4. / 75 Read more »

Finance Dept unaware hotel purchase not approved by Felda, says witness | Malay MailKUALA LUMPUR, Oct 8 — Felda’s Finance Department was not aware that Felda Investment Corporation Sdn Bhd (FICSB)’s purchase of Merdeka Palace Hotel & Suites (MPHS) in Kuching, Sarawak, worth RM160 million, did not have the approval of its board of directors (BOD). Former...
Source: malaymail - 🏆 1. / 86 Read more »

Finance Dept unaware hotel purchase not approved by Felda - witnessEx-Felda finance director testifies during second day of trial of former Felda chairperson Mohd Isa Samad. Hotel wasn't aware there even was a finance department. Boss steal. Staff sleep. Felda settlers suffer.
Source: malaysiakini - 🏆 20. / 51 Read more »

Felda subsidiary paid double actual price for Merdeka Palace HotelKUALA LUMPUR: Felda Investment Corporation Sdn Bhd (FICSB) paid RM160 million in 2014 for the purchase of Merdeka Palace Hotel & Suites in Kuching, Sarawak, which was double its actual price, the High Court heard today.
Source: NST_Online - 🏆 17. / 53 Read more »