Syed Saddiq found guilty on all four charges involving misuse of RM1.12 mln in Bersatu funds, money laundering

Syed Saddiq Syed Abdul Rahman. Photo credit: Syed Saddiq's Facebook page

KUCHING, Nov 9: Former Youth and Sports minister Syed Saddiq Syed Abdul Rahman, 30, has been found guilty by the Kuala Lumpur High Court for abetting criminal breach of trust (CBT), misappropriation of assets, and money laundering linked to RM1.12 million of Bersatu youth monies.

According to multiple news reports, Justice Azhar Abdul Hamid said the prosecution proved beyond reasonable doubt its case against Syed Saddiq, who is also Malaysian United Democratic Alliance (Muda) president and Muar MP.

Azhar will now hear Syed Saddiq’s mitigation plea as well as the prosecution and defence’s submissions on sentencing before imposing punishment.

Syed Saddiq was charged with aiding Rafiq Hakim, the former assistant treasurer of the Parti Pribumi Bersatu Malaysia (Bersatu) Youth wing, in committing the commission of RM1 million in CBT at CIMB Bank Bhd in Menara CIMB KL Sentral, Kuala Lumpur on March 6, 2020.

As the then Bersatu Youth chief, Syed Saddiq was granted authority over its finances.

The Muar MP was also charged with misappropriating RM120,000 from the Armada Bumi Bersatu Enterprise bank account for himself by instructing Rafiq to dispose of the funds at Malayan Banking Bhd in Taman Pandan Jaya, Kuala Lumpur between April 8 and April 21, 2018.

The second-term MP was also charged with two counts of money laundering involving RM50,000 in proceeds from illegal activities transferred on June 16 and 19, 2018 from his Maybank Islamic Bhd account to his Amanah Saham Bumiputera account at a bank in Taman Perling, Johor Bahru.

Syed Saddiq is facing a maximum sentence of 15 years in prison, whipping, and a fine, depending on what the court decides later. — DayakDaily