The fate of Muar Member of Parliament Syed Saddiq Syed Abdul Rahman, whether acquitted or guilty of four charges of conspiracy to commit breach of trust, misappropriation of property, and money laundering involving Angkatan Bersatu Anak Muda (Armada) funds, will be known tomorrow.
High Court Judge Datuk Azhar Abdul Hamid is scheduled to read out his decision at 9am.
The act was allegedly committed at CIMB Bank Berhad, Menara CIMB KL Sentral, Jalan Sentral 2 here on 6 March 2020 in accordance with Section 406 of the Penal Code which carries a maximum sentence of 10 years in prison with whipping and can be fined, if convicted. For the second charge, Syed Saddiq is accused of misappropriating property for himself, namely RM120,000 from the Maybank Islamic Berhad account belonging to Armada Bumi Bersatu Enterprise by causing Rafiq Hakim to dispose of the money. The Muar MP, also faces two charges of engaging in illegal money laundering activities, namely transferring RM50,000 each from his Maybank Islamic Berhad account to his Amanah Saham Bumiputera account, which is the result of illegal activities.
Previously, for the case of conspiracy to commit breach of trust and misappropriation of property, Syed Saddiq was brought before the Kuala Lumpur Sessions Court while the money laundering case was cited at the Johor Bahru Sessions Court. The Johor Bahru Sessions Court then allowed the prosecution’s application to transfer the money laundering case to Kuala Lumpur to be tried together with the breach of trust and misappropriation of property cases. On 25 Nov 2021, the High Court granted Syed Saddiq’s application for all cases to be transferred from the Sessions Court to the High Court.
