Daud Bakar issues RM10.75m demands against two over alleged name misuse
KUALA LUMPUR: Tan Sri Mohd Daud Bakar is seeking RM10.75 million each from two people linked to an investment scheme over the alleged unauthorised use of his name and professional reputation.
Former Islamic finance scholar Tan Sri Mohd Daud Bakar has issued RM10.75 million claims against two individuals connected to an investment scheme for allegedly misusing his name and professional reputation. The notices were served on August 18, targeting former Energy Eco Berhad CEO Datuk Norliza Tajudin and Datuk Seri Mahadi Badrul Zaman, who was involved with AUF MBZ Consortium PLT.
Daud alleged that his name, position, and professional standing were misused to boost the credibility of the investment scheme and lure investors. Both Norliza and Mahadi were granted a 14-day window to respond, with Daud threatening to initiate legal proceedings if they fail to provide satisfactory answers. Daud, who assumed the EEB leadership on July 19, 2021, insisted he had no involvement in the company's daily operations, finances, or investor dealings, stating that these matters were managed by EEB's management team, while AUF was responsible for marketing and distributing the investment scheme.
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