Thursday, June 30, 2011
These are the old Malaysian Ringgit notes being used in the 1970s
Former Bank Negara assistant governor claims trial to graft charge
Another high profile individual has been charged with bribery charges in Malaysia. Previously we have seen high ranking persons being investigated or being charged for graft in this country of 32 million people. They include Chief Ministers, former Menteri Besars, Ministers, Government servants, businessmen as well as law enforcement officials.
And today we saw a former assistant governor of the national bank of Malaysia, facing graft charges.
The Star Online reported today 1st July 2011 that former Bank Negara Malaysia (BNM) assistant governor Datuk Mohamad Daud Dol Moin, 58, claimed trial today Friday 1st July 2011 at the Sessions court in Kuala Lumpur to two counts of accepting bribes amounting to RM100,000 from a businessman to help assist procure a BNM contract.
The contract was to print the RM5 polymer bank notes by Note Printing Australia Ltd.
He was accused of receiving two bribes of RM50,000 from Abdul Kayum Syed Ahmad, 62 to help procure the contract, at Dome Restaurant, Bangsar Shopping Centre, here, on Dec 1, 2004, and Feb 16, 2005.
This amounts to an offence under Section 11(a) of the Malaysian Anti-Corruption Commission Act 1997.
If convicted, he can be jailed up to 20 years, and fined five times the bribe amount.
According to the Malaysian Anti-Corruption Commission, the contract was worth about RM95 million.
Prosecuting was Deputy Public Prosecutor Manoj Kurup from the Attorney-General's Chambers while lawyers Collin Goonting and J.D. Goonting stood for the accused.
Bail was granted at RM100,000 with one surety.
Later in the same day in Shah Alam, businessman Abdul Kayum, was charged at the Shah Alam Sessions Court with two counts of bribing Mohamad Daud with RM100,000 as an inducement to assist him in procuring a contract for the printing of RM5 polymer notes by Note Printing Australia Ltd in December 2004.
The offences were allegedly committed in Subang Jaya in November 2004 and Feb 2005.
He claimed trial to the offences.
Judge Asmadi Hussin fixed RM50,000 bail with one surety and Aug 2, 2011 for mention.
This particular case has an Austalian connection.
In Sydney, Australia, the Associated Press, AP reports that police have charged two Australian currency printing firms and several of their former senior managers with bribing foreign officials to secure bank note supply contracts.
The charges against Securency International Pty Ltd and Note Printing Australia Ltd relate to alleged bribes paid to officials in Indonesia, Malaysia and Vietnam between 1999 and 2005.
Australian Federal Police say company managers used agents to bribe the officials in an attempt to win contracts to print money for those countries.
Both companies are subsidiaries of the Reserve Bank of Australia, the nation's central bank.
Reserve Bank of Australia Governer Glenn Stevens said on Friday 1st July 2011 that the bank strongly condemns corrupt behaviour.