Telco CEO charged with fraud over RM47mil contract

Telco CEO charged with fraud over RM47mil contract

Razain Hashim is accused of defrauding a construction company chief operations officer into believing he could award an engineering services and installation contract.

The sessions court in Shah Alam set bail at RM100,000 with one surety after Razain Hashim pleaded not guilty. (Reuters pic)
PETALING JAYA:
A telecommunications company CEO pleaded not guilty at the sessions court in Shah Alam today to two counts of fraud related to the awarding of a RM47.25 million contract three years ago.

Razain Hashim, 45, CEO of RD Comm & Network (M) Sdn Bhd, was charged with cheating under Section 420 of the Penal Code.

Razain is accused of defrauding a construction company chief operations officer by convincing him to believe that he (Razain) could award an engineering services and installation contract for Maxis monopoles.

This allegedly led the victim to transfer RM150,000 and RM100,000 to RD Comm & Network’s Maybank account at the Taman Putra Maybank branch in Ampang on April 29 and May 3, 2021.

Judge Anita Harun set bail at RM100,000 with one surety. She allowed the accused to pay RM20,000 today and the remaining RM80,000 on March 11, as well as instructed Razain to report to the nearest Malaysian Anti-Corruption Commission (MACC) office every month.

Anita then set April 24 for next mention of the case.

MACC was represented by Aliff Shaharuzaman, while T Harpal Singh appeared for the defence.

An arrest warrant had previously been issued for Razain after he failed to show up in court on Feb 28.

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