Sabah Foundation sues former CM Musa Aman for RM872m from timber contracts
Friday, 19 Jun 2020 10:35 AM MYTSabah Foundation director Datuk Jamalul Kiram Mohd Zakaria at the press conference in Kota Kinabalu June 19, 2020. — Picture courtesy of Chief Ministers Department
“The board of trustees has solid reasons to believe that Musa used his position as the chairman of the board of trustees then to order one of the foundation’s statutory bodies — Rakyat Berjaya Sdn Bhd into timber businesses,” he said.He alleged Musa had failed as the chairman of the board of trustees to fulfil his fiduciary responsibility to protect the interest of Sabah Foundation, which was formed to provide educational opportunities and facilities to Sabahans.
“In order to conceal these illegal activities from the plaintiff and authorities, all these ill gotten monies procured under the fraudulent scheme was diverted from the purchasers to companies in tax free countries like the British Virgin Islands and then to Chia’s bank accounts in HSBC Bank and UBS bank in Singapore and Hong Kong.
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