KUALA LUMPUR, May 31 (Bernama) -- The Sessions Court here today acquitted
and discharged a Majuikan Sdn.Bhd former senior sales and marketing manager of
cheating an American bank of €10 million (euros) (RM40.35 million).
Judge Rosenani Abd Rahman made the ruling after finding that the prosecution
had failed to establish a prima facie case against Mohd Khairuddin Abu Bakar,
Mohd Khairuddin was accused jointly with former Majuikan director, Gazali
Rashid (who has since died), of misleading HSBC USA Bank, New York vice
president Stephen Ferrera into believing that Majuikan, a subsidiary of the
Malaysian Fisheries Development Authority (LKIM), had consented to be a
guarantor for a €10 million loan application by Malaysian Seabest Sdn Bhd,
thereby causing the bank to approve the amount.
However, the judge ordered Mohd Khairuddin to enter his defence on another
charge of falsifying documents, and set July 10 for trial.
Mohd Khairuddin is jointly accused on the second charge with Gazali of
falsifying three documents - a Majuikan Sdn Bhd Board of Directors'' Resolution
dated Feb 14, 2006, a Malaysian Seabest Sdn Bhd Promissory Note and an
accompanying letter, both dated March 1, 2006.
COURT-CHEAT 2 (LAST) KUALA LUMPUR
They allegedly committed the offence at No 22, Tingkat 33, Jalan 4/146,
Metro Centre, Bandar Tasik Selatan, Cheras, in 2006 between Feb 14 and March 22.
Deputy Public Prosecutor C.Vignesh Kumar called 25 witnesses throughout the
hearing during which the accused was defended by counsel Shamsul Sulaiman and
counsel Datuk Dr Mohd Radzuan Ibrahim.
Meanwhile, Shamsul when approached by reporters, said Gazali succumbed to
stroke three days before the trial, which commenced on May 9, 2011.
NIM ZMN KHY ELM HA