In recent news, former youth and sports minister, Syed Saddiq has been found guilty of abetting criminal breach of trust (CBT), misappropriation of assets and money laundering. According to local newspaper NST, High Court judge Datuk Azhar Abdul Hamid made the ruling after finding that the defence was unable to provide a reasonable doubt for the case.
Syed Saddiq found guilty of money laundering charges
Back in 2020, the former Bersatu Youth chief was in charge of managing the funds and abetted Bersatu youth wing’s former assistant treasurer, Rafiq Hakim, in committing CBT of RM1 million at CIMB Bank Bhd in Menara CIMB KL Sentral. Other than that, the Muar MP was also accused of misusing RM120,000 belonging to Armada Bumi Bersatu Enterprise for his own personal use.
Source: Syed Saddiq (Facebook)
Local newspaper FMT reported that he managed to pull this off by getting Rafiq to dispose the money at Malayan Banking Bhd in Taman Pandan Jaya between April 8 and April 21, 2018. On top of that, Syed Saddiq was also found guilty on two counts of money laundering involving proceeds from unlawful activities involving RM50,000 each.
“The money 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”, reported FMT.
Fined and sentenced to jail
Source: Syed Saddiq (Facebook)
According to charges under Section 406 of the Penal Code, it was said that the former youth and sports minister is bound to face a jail sentence of not more than 10 years, whipping and a fine, if found guilty. As the situation unfolds, Syed Saddiq has been sentenced to 7 years of prison, 2 whips and a hefty RM10 million fine.
However local newspaper Sin Chew Daily reported that his counsel Gobind Singh Deo has managed to apply for a stay of execution pending appeal.
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