Syed Saddiq ordered to enter defence over CBT, money laundering charges

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KUALA LUMPUR: Syed Saddiq Syed Abdul Rahman has been ordered by the High Court here to enter his defence on charges of abetting in criminal breach of trust (CBT), misappropriation of assets and money laundering.

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Justice Azhar Abdul Hamid said the prosecution had established a prima facie case against the Muda president and former youth and sports minister.

Syed Saddiq, 29, is charged with abetting the Bersatu youth wing’s former assistant treasurer, Rafiq Hakim, in the commission of CBT of RM1 million at CIMB Bank Bhd on Jalan Stesen Sentral 2 here on March 6, 2020.

As the then Bersatu Youth chief, Syed Saddiq was entrusted with control of its funds.

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He is also charged with misusing RM120,000 from the bank account belonging to Armada Bumi Bersatu Enterprise for himself by causing Rafiq to dispose of the money at Malayan Banking Bhd at Taman Pandan Jaya here between April 8 and April 21, 2018.

The former Muar MP is also charged with two counts of money-laundering involving two transactions of RM50,000 each, believed to be proceeds from unlawful activities, transferred from his Maybank Islamic Bhd account into his Amanah Saham Bumiputera account at a bank in Taman Perling, Johor Bahru, on June 16 and 19, 2018.–FMT


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