Zizie Izette eligible to receive RM2.8m as introduction fee - witness

 

The Sessions Court in Kuala Lumpur was told yesterday that Bung Moktar Radin's wife, Zizie Izette Abdul Samad, is eligible to receive an introduction fee of RM2.8 million as the actress introduced her husband to obtain Felcra’s approval to invest RM150 million in Public Mutual unit trusts.

Unit trust consultant Norhaili Ahmad Mokhtar, 45, said the introduction fee given to Zizie Izette was part of her marketing strategy as the latter had also introduced a senior Felcra officer to make the investment.

"I contacted her to say that the investment made by Felcra (RM150 million) was successful, and at the same time, I got a commission from the investment. I then told her that I wanted to give her the introduction fee.

"I'm an (investment) expert who tells Malaysians about the benefits of unit trusts, but I can't get into big companies that don't know what I'm doing," Norhaili said.

The 25th prosecution witness said this during the examination-in-chief by deputy public prosecutor Law Chin How in the corruption trial faced by Bung Moktar and his wife Zizie Izette before judge Rozina Ayob.

Touching on the commission earned after successfully obtaining the investment (RM150 million), Norhaili said she and unit trust agent Madhi Abdul Hamid, 43, each earned a commission of RM2.9 million.

“Upon getting the commission, Madhi and I discussed the management of the commission, taking into account factors such as Felcra’s investment management and the long-term operating costs as these investments take over seven years to mature, and we also took into account tax costs to manage during that period," Norhaili said.

'Amount not that large'

Asked by Law why Zizie Izette had to be paid RM2.8 million, the witness said Zizie Izette was eligible to receive the introduction fee after taking into account all costs, taxes and monthly benefits as long as Felcra's investment was under her care.

"For me... I don't see the amount as being large, but I am looking at managing Felcra's account for the long term. Zizie Izette was eligible to receive it (the introduction fee).

"As far as I remember, the RM2.2 million advance payment in cash at Public Bank in Melawati was managed by Madhi, the remaining RM800,000 was put back into Public Mutual Berhad in the name of Zizie Izette," Norhaili said.

Asked by Law why Public Bank only paid RM2.2 million when RM2.8 million should have been paid to Zizie Izette, the witness said: "At that time, Public Bank did not have enough cash and I also advised her (Zizie Izette) to make investments in Public Mutual Berhad.

"I advised her to invest between RM600,000 to RM800,000, and this was managed by Madhi and another Public Mutual consultant," Norhaili said.

The witness said she could not remember how many cheques had been issued, but that the name Public Mutual Berhad and Zizie Izette's identity card number were written on them.

During the proceeding, Norhaili said there was no element of corruption or bribe requests from Bung Moktar and his wife.

Norhaili will continue her testimony on Feb 14. Counsel K Kumaraendran represented Zizie Izette and M Athimulan acted on behalf of Bung Moktar.

On May 3, 2019, Bung Moktar pleaded not guilty to two charges of accepting bribes amounting to RM2.2 million and RM262,500 as an inducement to obtain Felcra's approval to invest RM150 million in Public Mutual unit trusts.

Bung Moktar, 64, who was the non-executive chairperson of Felcra at the time, was accused of accepting bribes from Madhi through Zizie Izette at Public Bank's Taman Melawati branch in Kuala Lumpur between 12.30pm and 5pm on June 12, 2015.

He also pleaded not guilty to accepting an RM335,500 cash bribe from Norhaili through Zizie Izette for the same reason and at the same place on June 19, 2015.

Zizie Izette, 44, pleaded not guilty to three charges of abetting her husband in the matter at the same place, date and time.

- Bernama