What was the alleged RM2.8 million bribe for?

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Accepted Answer

The alleged RM2.8 million bribe was intended to influence a RM150 million investment by Felcra.

The alleged RM2.8 million bribe was reportedly offered as an inducement to Bung Moktar Radin to secure a RM150 million investment from the Federal Land Consolidation and Rehabilitation Authority (Felcra) into Public Mutual unit trusts in 2015. Bung Moktar held the position of Felcra non-executive chairman during that period.
Alleged Investment Scheme

The core of the alleged corruption involved an attempt to persuade Felcra to invest a substantial sum of RM150 million. This investment was to be directed towards Public Mutual unit trusts. The timing of this alleged inducement was in 2015, when Bung Moktar was serving as the non-executive chairman of Felcra.
Bribery as an Inducement

The prosecution's case posited that the RM2.8 million in bribes was specifically offered as an incentive. This inducement was purportedly aimed at influencing Bung Moktar's decision-making in his capacity as Felcra chairman. The intention was to facilitate the RM150 million investment in the specified unit trusts.
Bung Moktar's Role at Felcra

At the time of the alleged events in 2015, Bung Moktar Radin was the non-executive chairman of Felcra. This position placed him in a significant role regarding the authority's investment decisions. His acquittal from the corruption charges was based on the High Court's finding that the prosecution failed to prove wrongdoing.

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What was the alleged RM2.8 million bribe for?

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