Nov 9 decision on Syed Saddiq’s CBT, money laundering trial

Syed Saddiq Syed Abdul Rahman is facing charges of abetting in criminal breach of trust, misappropriation of property and money laundering. – The Malaysian Insight file pic, September 21, 2023.

THE Kuala Lumpur High Court will decide on November 9 whether to acquit or convict Muar MP Syed Saddiq Syed Abdul Rahman on charges of abetting in criminal breach of trust (CBT), misappropriation of property and money laundering.

Based on the search in the judicial system today, judge Azhar Abdul Hamid will deliver the verdict at the end of the defence case at 9am.

Deputy public prosecutor Wan Shaharudin Wan Ladin, when contacted, confirmed the date.

On March 14, the defence team closed its case after calling four witnesses, including Syed Saddiq.

On October 28 last year, Syed Saddiq, 30, was ordered to enter his defence on the four charges after the prosecution managed to establish a prima facie case against him at the end of the prosecution case.

The prosecution closed its case on September 27 last year after calling 30 witnesses, including Syed Saddiq’s father Syed Abdul Rahman Abdullah Asagoff and mother Shariffah Mahani Syed Abdul Aziz, as well as former Armada assistant treasurer Rafiq Hakim Razali.

Syed Saddiq was charged as the then Bersatu youth wing or Armada chief, with abetting Rafiq, who was entrusted with RM1 million in funds belonging to the wing, to commit a criminal breach of trust by misappropriating the funds at CIMB Bank Bhd, Menara CIMB KL Sentral, Jalan Stesen Sentral 2, Kuala Lumpur on March 6, 2020.

He was also charged with misappropriating RM120,000 from the Maybank Islamic Bhd account belonging to Armada Bumi Bersatu Enterprise by causing Rafiq to dispose of the money at Malayan Banking Bhd, Jalan Pandan 3/6A, Taman Pandan Jaya, Kuala Lumpur between April 8 and 21, 2018.

He also faces two counts of money laundering, namely two transactions of RM50,000 each believed to be proceeds from unlawful activities, from his Maybank Islamic Bhd account into his Amanah Saham Bumiputera account at a bank in Jalan Persisiran Perling, Taman Perling, Johor Baru, on June 16 and 19, 2018. – Bernama, September 21, 2023.

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