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MD, chairman of Bank Rakyat charged with CBT

Mustafha (left) and Aziz.

Mustafha (left) and Aziz.

Syndicated News
Written by Syndicated News

KUALA LUMPUR — September 7, 2016: Bank Rakyat managing director Datuk Mustafha Abd. Razak and its chairman Tan Sri Abdul Aziz Zainal were today charged in a Sessions Court 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 here on March 11.

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

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

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

The judge set RM400,000 as bail with one surety for each of the accused, with an additional condition to surrender their passports to the court pending disposal of their cases.

The court also set Oct 10 for re-mention and granted the prosecution’s application for both cases to be consolidated as it involved the same
transaction amount. — Bernama

 

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