Friday, July 1, 2011

Ex-Asst BNM governor quits boardroom post at KBB

KUALA LUMPUR: Former Bank Negara Malaysia (BNM) assistant governor Datuk Mohamad Daud Dol Moin, who was charged with graft on Friday, July 1, has resigned as chairman of KBB RESOURCES BHD [].

He was appointed KBB chairman on June 22 this year.

Earlier on Friday, he was charged in the Sessions Court at the Jalan Duta Court Complex here for accepting gratification of RM50,000 from a businessman on Dec 12, 2004 and again on Feb 16, 2005.

According to the Malaysian Anti-Corruption Commission's (MACC) twitters, the contract was to print RM5 polymer bank note by Note Printing Australia Ltd for BNM worth RM95 million.

Mohamad Daud, 58, pleaded not guilty and claimed trial to both charges. Sessions Court Judge Rosbiahanin Arifin then set bail of RM100,000 with one'' surety.

Judge Rosbiahanin ordered Mohamad Daud's case to be mentioned on Aug 2.

According to the MACC twitters, businessman Abdul Kayum Syed Ahmad, 62, faced two charges for corruptly giving gratifications to Mohamad Daud.

Kayum was alleged to have corruptly given gratifications amounting to RM50,000 to Mohamad Daud who was then BNM assistant governor as an inducement to assist Note Printing Australia Ltd to secure currency printing.

Abdul Kayum pleaded not guilty and claimed trial.

According to KBB, Mohamad Daud joined BNM in 1975 and served BNM for more than 32 years. He was appointed assistant governor, supervision portfolio in 1997.

He then served as the managing director of Danamodal Nasional Bhd for a year and returned to BNM in September 1999 to resume his position as an assistant governor of BNM, a post he held until his official retirement on May 1, 2009.

In a separate statement, BNM said it does not condone any misconduct by its employees. It added the central bank upholds the highest standards of integrity and professionalism in carrying out its roles and functions.

'The central bank has been providing full cooperation to the Malaysian Anti-Corruption Commission and other relevant agencies in their investigations,' said BNM.

According to MACC's twitters, it had conducted a parallel investigation with Australia Federal Police which had on Friday also charged six persons in Australia.

This is first time the Australia Federal Police had charged using foreign bribery legislation introduced in 1999.

Meanwhile, Agence Frace Presse reported that two banknote firms linked to Australia's central bank and six of their former employees were charged Friday with bribing Asian officials to secure contracts to print their currencies.

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