CEO not told of Felcra's RM50m investment plan due to 'cold war' - witness

The Kuala Lumpur Sessions Court yesterday was told that Felcra’s proposal to invest RM50 million in Public Mutual Berhad unit trust was made without the knowledge of the chief executive officer (CEO) Ramlee Abu Bakar as there was an office cold war in Federal Land Consolidation and Rehabilitation Authority (Felcra).

Former Felcra group chief financial officer (CFO) Mohd Azmy Abu Samah, 54, said he did not announce the investment proposal after discussion with the chief investment officer (CIO) Zulkarnain Md Eusope.

“When I discussed with the CIO...