Bung Moktar's Corruption Case (Felcra Berhad) - Coggle Diagram
Bung Moktar's Corruption Case
Zizie Izette is Bung Moktar's Wife
Madhi Abdul Hamid is the Public Mutual's Investment Agent
Bung Moktar is the Felcra Bhd's Non-Executive Chairman in 2015.
Norhaili Ahmad Mokhtar is the Public Mutual's Investment Agent
Datuk Abdul Fattah Abdullah is a former Board of Director of Felcra Berhad in 2015.
Board of Directors members of Felcra Berhad
Azriman Ridouan is the credit control senior manager of Felcra Berhad
19 Jun 2015 - Bung Moktar received RM262,500 from Madhi through an account of the bank’s investment product, Public Islamic Treasures Growth Fund and RMRM337,500 from Public Mutual’s investment agent, Norhaili Ahmad Mokhtar, through a Public Initial Sequel Fund account and both accounts are registered under Zizie’s name for the same purpose.
15 September 2015 - Former Treasury deputy secretary-general for investments Datuk Seri Mohmad Isa Hussain found that the investment performance was not encouraging and the information provided was suspicious. Felcra Berhad Audit Committee meetings and asked for an investigation into the matter.
12 Jun 2015 - Bung Moktar received RM2.2 million in cash from Madhi Abdul Hamid, who is an agent of Public Mutual through his wife Zizie Ezette. It is as an inducement to obtain approval from the then finance minister II for Felcra to invest RM150 million in Public Mutual unit trust products.
18 May 2015 - Esah Abas prepared payment vouchers for the investment to Public Mutual. The preparation of the payment voucher has been instructed by her boss, Azriman.
24 November 2014 - A board meeting has been conducted on this date, Bung Moktar and several other members attended. Felcra Bhd's board members had approved a RM50 million investment in Public Mutual Bhd during the meeting.
3 March 2015 - Bung Moktar drafted an application letter addressed to former Second Finance Minister Datuk Seri Ahmad Husni Hanadzalh, regarding the investment to be made by Felcra Berhad to Public Mutual unit trust.
Wisma FELCRA, Kuala Lumpur
The letter of application from Felcra Berhad to invest RM150 million in the Public Mutual unit trust has been signed by Bung Moktar himself and ready to be submit to the then Second Finance Minister, Datuk Seri Ahmad Husni Hanadzlah.
Former Felcra investment unit finance manager, Esah Abas prepared vouchers totalling RM150 million upon instruction from Felcra's credit control senior manager for the money transfer from Felcra's current account to make an investment in Public Mutual trust unit.
Public Bank Berhad, Taman Melawati branch
Bung Moktar taking for himself a bribe in cash from Madhi through an account of the bank's investment product Public Islamic Treasures Growth Fund (PITGF) under the name of Zizie Izette.
Bung Moktar accepting bribes from Public Mutual Investment agent, Norlaili Ahmad Mokhtar through a Public Ittikal Sequel Fund (PITSEQ) under the name Zizie Izette.
Bung Moktar accused of committing the offence as an inducement to obtain approval from the former Finance Minister II for Felcra to invest RM150 million in Public Mutual unit trust products.
Misuse of cash, Bung Moktar use RM150 million for their own personal interest as he will received a bribe from the agents if he make Felcra Berhad invest RM150 million in the unit trust.
Bung Moktar breached the agreement as discussed in board meeting to invest RM50 million in Public Mutual unit trust product.
Bung Moktar received bribery from two agents of Public Mutual to exchange for Felcra Berhad to make an investment of RM150 million in the unit trust.
The investment agent transfer the money into the account under Bung Moktar's wife, Zizie Izette to avoid any conflict of interest to Bung Moktar.
A letter for the transfer of a RM150 million investment by Felcra Bhd in Public Mutual unit trust was signed by Datuk Abdul Fattah (Former Board of Director of Felcra Berhad) and Azmy Abu Samah (General Manager of Finance Group) and they did not ask further about the RM150 Million of investment.
Azriman asked Esah Abbas to prepare five payment vouchers for investment purposes to Public Mutual based on the letter that have been signed by Datuk Abdul Fattah and Azmy Abu Samah.
Norhaili transfer RM337,500 under account Public Ittikal Sequel Fund (PITSEQ) under Zizie Ezette's name for the same purpose. Madhi also transfer RM262,500 through a Public Islamic Treasures Growth Fund account registered under Zizie Ezette's name.
Bung Moktar had submitted an application letter from the Felcra Berhad to invest RM150 million in the Public Mutual unit trust whereas the Felcra Board of Directors only agreed to invest RM50 million.
Madhi give RM2.2 million in cash to Bung Moktar through Zizie Ezette as an inducement to obtain approval from then finance minister for Felcra to invest RM150 million in Public Mutual unit trust.
The letter of application for RM150 million investment was signed by Bung Moktar himself and will be submitted to then Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah for approval. Then, the appilacation has been approved by then Second Finance Minister.