Maju Holdings Boss Abu Sahid Charged With CBT & Money Laundering Involving Over RM450 Million

He is the concessionaire of Maju Expressway (MEX), linking Kuala Lumpur, Putrajaya, and KLIA.

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Tan Sri Abu Sahid Mohamed, the director of Maju Holdings Sdn Bhd, has been charged at the Kuala Lumpur Sessions Court today, 8 September

The concessionaire of Maju Expressway (MEX), which links Kuala Lumpur, Putrajaya, and KLIA, was charged with four counts of criminal breach of trust (CBT) involving RM313 million and 13 counts of money laundering amounting to RM139 million.

The charges are linked to the proposed construction of the Putrajaya–KLIA Expressway (MEX II), a project under Maju Holdings.

Abu Sahid, who appeared in court in a wheelchair due to health issues, was allowed to remain outside the dock

"He is not too well. He cannot stand for long," Abu Sahid's lawyer, Datuk Hisyam Teh Poh Teik, told the court.

He pleaded not guilty to all charges before Judge Suzana Hussin.

"Understood… not guilty," the 74-year-old prominent corporate figure said after each charge was read by the court interpreter.

For the CBT charges, Abu Sahid is accused in his capacity as director of Maju Holdings of committing the offences at CIMB Bank Berhad in Bukit Tunku, Kuala Lumpur.

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Image via Asyraf Hamzah/New Straits Times
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