Bank Rakyat MD, Chairman charged with RM 15 million CBT

 |Sep 7, 2016
Mustafha, 48, allegedly committed the offence related to the bank's group marketing expenditure allocation, at Menara Kembar Bank Rakyat, No. 33 Jalan Travers here on March 11.
Mustafha, 48, allegedly committed the offence related to the bank’s group marketing expenditure allocation, at Menara Kembar Bank Rakyat, No. 33 Jalan Travers here on March 11.

Bank Rakyat managing director Mustafha Abd Razak and the bank’s chairman, Aziz Zainal were charged in the Sessions Court here today with criminal breach of trust and abetment respectively, involving RM14,991,283.20.

Both pleaded not guilty before judge Madihah Harullah.

Mustafha, 48, allegedly committed the offence related to the bank’s group marketing expenditure allocation, at Menara Kembar Bank Rakyat, No. 33 Jalan Travers here on March 11. The charge is under Section 409 of the Penal Code.

Abdul Aziz, 65, stands accused of abetting Mustafha at the same place and date.

The charge is under Section 109 read with Section 409 of the Penal Code.

If found guilty, they can be sentenced to a maximum 20 years in jail with whipping, and liable to a fine, each.

Abdul Aziz was represented by counsel Muhammad Shafee Abdullah and Mustafha, by Kamarul Hisham Kamaruddin, while Malaysian Anti-Corruption Commission director Masri Mohd Daud conducted the prosecution.

Source: Bernama

SHARE