PETALING JAYA: A former telecommunications company director has been charged at the Kuala Lumpur sessions court with giving a bank’s group managing director a RM8 million bribe to approve a loan.
Ranjeet Singh Sidhu, 56, claimed trial when the charge was read to him before judge Rosli Ahmad today.
The charge was framed under Section 16(b)(A) of the MACC Act 2009 for giving a bribe as an inducement or reward for any act in relation to their principal’s affairs.
Ranjeet was also charged for using a forged document – a joint completion guarantee – to fulfil the conditions for a RM400 million loan to finance a fibre optic project.
He also pleaded not guilty to that charge, made under Section 471 of the Penal Code for knowingly using a fake or forged document.
Rosli set bail at RM150,000 with one surety and fixed March 30 for case mention.
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