Bung graft case: MOF approved RM150m Felcra investment - witness

The Sessions Court was told today that a RM150 million investment by the Federal Land Consolidation and Rehabilitation Authority (Felcra) was approved after proposals were submitted by Kinabatangan MP Bung Moktar Radin.

Former Felcra Bhd group chief financial officer (CFO) Mohd Azmy Abu Samah, 54, said the investment, which was into a Public Mutual Bhd unit trust, was approved by the Finance Ministry after the MP submitted three proposal papers.

He said Bung (above), who was then the non-executive chairperson of the agency...