 |
| Ex-CEO of THHE, Dato Nor Badli Munawir Mohamed Alias |
The Star wrote in March 2015 of the effort of Tabung Haji Heavy Engineering Berhad (THHE) in facing the slump in the crude oil prices.
Former Tabung Haji Heavy Engineering CEO, Dato Nor Badli Munawir expressed a glimmer of hope as he responded to Gurmeet Kaur through the e-mail with a bit of gloating of his agility in facing the stormy oil and gas sector [read The Star here].
By end of June 2016, he tendered his resignation [read The Star here].
It turned out that his ability to manouvre THHE to pursue one project after another in different segments of the treacherous waters of oil and gas had ulterior motive. In November 2016 last year, MACC announced they are investigating the former CEO [read The Star here].
Apparently, any JV or out-sourcing of supply or contracts awarded embarked by THHE had kickbacks to Nor Badli.
The long arms of the law had caught up. The Sundaily reported:
Ex-Tabung Haji subsidiary CEO rearrested by MACC, faces CBT charge on Thurs
Posted on 25 January 2017 - 08:37pmIt was hinted in the previous post yesterday here. This arrest is good. Hopefully, it brings Malaysia's Corruption Perception Index ranking lower because real corrupt get charged!
Last updated on 26 January 2017 - 11:09am
Charles Ramendran
newsdesk@thesundaily.com
KUALA LUMPUR: A 51-year-old chief executive officer (CEO) of a Tabung Haji subsidiary company was arrested by the Malaysian Anti-Corruption Commission (MACC) today (Wednesday) and is expected to be charged in court today (Thurs) for criminal breach of trust (CBT) involving RM3.3 million.
Sources revealed that MACC investigators detained the man at 3.30pm and have taken him into custody to face five counts of the charge under Section 409 of the Penal Code at the Jalan Duta courthouse.
The offences allegedly took place between April 30 and October 30 in 2013.
MACC Deputy Chief Commissioner (operations) Datuk Azam Baki confirmed the arrest when contacted today.
In November last year, the CEO was detained by the MACC for investigations over alleged power abuse and corruption when he held the position in TH Heavy Engineering Berhad (THHE).
The MACC had frozen almost RM40 million found in the bank accounts of the suspect and his close family members after his arrest.
The suspect had allegedly taken kickbacks from companies he had favoured and awarded work contracts worth about tens of million ringgit when he helmed THHE between 2010 and 2015.
The suspect left the company after taking up the post of director in another government-linked company (GLC).
Towards the end of the posting, comment meant for sotong:
If all these actions will result in lower CPI ranking, so be it. But to make stupid claims like Rafizi had done for political mileage, it is not good [read MMO here].
A wrong decision is a wrong decision. What is important is to have more right decisions than wrong ones. And to learn from the wrong move to not repeat again. To lose RM64 million, it is not embezzlement or corruption.
Out of investment portfolio of RM64 billion, the loss to Tabung Haji is a pittance 0.1% and could be more than compensated for!
Sotong should be commenting on the hot item of the declassifying of Bumiputeraa Malaysia Finance scandal documents by CIA.
This is an archiles heel of Tun Dr Mahathir which he worked hard to ignore and not give a direct answer. Yet he demanded answers to merely unfounded, unsubstantiated and spurious links in his 1MDB allegations.
Come to think of it, Rafizi was in Standard One and still struggling to spell sotong when Jalil Ibrahim was found dead in a banana plantation outside Hong Kong in July 1984. Read someone with some familiarity in The Mole here.
Though it is not relevant, Tabung Haji should be responding to sotong. They are unanswerable to their stakeholders. So watch the space below ....
