Muar MP and Muda president Syed Saddiq has been found guilty on charges of abetting criminal breach of trust (CBT), misappropriation of assets and money laundering.
This comes after High Court judge Justice Azhar Abdul Hamid said that the prosecution had proven a case beyond reasonable doubt against Syed Saddiq, reported FMT.
The former youth and sports minister was convicted of abetting Bersatu youth wing’s former assistant treasurer, Rafiq Hakim, in committing CBT of RM1 million at CIMB Bank Bhd in Menara CIMB KL Sentral back in March 6, 2020.
Syed Saddiq was the Bersatu Youth chief who was tasked with managing the funds at the time.
He was also accused of misusing RM120,000 from the bank account belonging to Armada Bumi Bersatu Enterprise for his own personal use by having Rafiq dispose of the money at Malayan Banking Bhd in Taman Pandan Jaya between April 8 and April 21, 2018.
Syed Saddiq was also found guilty on two counts of money laundering involving proceeds from unlawful activities involving RM50,000 each, which was 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.
Jailed and fined
The charges were framed under Section 406 of the Penal Code, which provides for a jail term of up to 10 years, whipping and a fine upon conviction.
Scoop reported that Syed Saddiq was sentenced to nine years in jail, two whips, and fined RM10 million.
However, he will only be jailed for seven years due to the money laundering sentences running concurrently.
READ ALSO:
