EGM sacks Malay chamber president over claim of missing funds

EGM sacks Malay chamber president over claim of missing funds

Some 90% of delegates voted to oust Rizal Faris Mohideen Abdul Kadir, more than a year after he was elected to head the top Malay business body.

Malay Chamber of Commerce president Rizal Faris Mohideen Kader, seen here with Najib Razak in this file picture taken in 2013. (Bernama pic)
PETALING JAYA:
An extraordinary general meeting convened by a faction of the Malay Chamber of Commerce (DPMM) today voted to sack its president Rizal Faris Mohideen Abdul Kadir, amid allegations that some RM5 million in funds from the Prime Minister’s Office had disappeared.

A total of 89 out of 92 delegates supported a resolution to boot out Rizal, the head of DPMM’s Penang chapter who was elected as president for three years in May last year.

The decision means Rizal’s deputy Syed Hussein Alhabshee will now assume duties as the chamber’s acting president.

In a suit filed two months ago by 18 members including Syed Hussein, Rizal was accused of spending RM5 million allocated to DPMM by the PMO.

They said the money was not deposited into the chamber’s account, but was instead channelled into Yayasan DPMM Pulau Pinang Berhad’s account without approval.

They also claimed RM1 million was credited to DPMM from a company known as “Redberry” and Rizal had decided to use the money for an election campaign, also prior approval from the chamber.

When contacted, Rizal said the EGM today was illegal, as the chamber is having its annual general meeting this afternoon.

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