KOTA KINABALU — June 19, 2020: State-owned Sabah Foundation is suing former chief minister Tan Sri Musa Aman for the RM872 million it claimed was lost when he was its chairman.
The suit was logged in the Judiciary’s e-filing system on June 16, claiming that Musa had failed to fulfil his fiduciary responsibility to protect its interests.
It is further alleged that Musa, who was chairman when he was CM from March 27, 2003, until May 2018, had engineered a scheme for personal gains by systematically selling off its concession areas to selected or nominated companies for between RM1,600 and RM2,000 per hectare.
It claimed that Musa had employed businessman Michael Chia to negotiate the transactions.
It is also alleged that Musa had concealed his gains by diverting them to tax free countries like the British Virgin Islands and then to Chia’s bank accounts, before finally sending the money to his then personal adviser Richard Christopher Barnes.
Musa has denied any wrongdoing, with his lawyer Tengku Fuad Tengku Ahmad describing the allegations as scandalous and utterly false.
According to the lawyer, Musa and himself have not been served with the claims and cause papers as should be the case when a suit is filed.
On June 9 Musa was acquitted on 30 counts of corruption and 16 related money laundering charges.