{
  "id": 1869342,
  "title": "Bekas CEO UBB Investment Bank mengaku tak salah tuduhan tipu RM139 juta",
  "url": "https://urgent.news/2026/08/19/bekas-ceo-ubb-investment-bank-mengaku-tak-salah-tuduhan-tipu-rm139-1869342",
  "topic": "world",
  "section": "World",
  "published": "2026-08-19T04:45:00.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today",
    "url": "https://www.freemalaysiatoday.com/category/bahasa/tempatan/2026/08/19/bekas-ceo-ubb-investment-bank-mengaku-tak-salah-tuduhan-tipu-rm139-juta"
  },
  "original_language": "en",
  "account": "Malaysian former UBB Investment Bank CEO Razlan Raghazli claimed innocence in a recent court hearing against the fraud charge of RM139.9 million loaning to a private university management company. The 43-year-old former UBB Investment Bank CEO appeared before the Magistrate's Court, following the reading of the fraud charge in front of Judge Azura Alwi. The allegations state that Razlan duped Aida Aizura Othman, the managing director and CEO of the bank's parent company, UBB Amanah Bhd, by making her believe that the payment schedule in the UBB Investment Bank Limited letter was in line with the counsel provided by a Guaman firm. The incident allegedly took place at UBB Investment Bank in Desa Sri Hartamas on September 2025. The charge, under Section 420 of the Penal Code, carries a potential penalty of imprisonment ranging from one to ten years, a fine, and confiscation of property if found guilty. Azura granted Razlan an RM60,000 bail with a surety and ordered him to surrender his passport while awaiting trial. The court set the next hearing for October 12. Razlan's lawyer, Azamuddin Abdul Aziz, represented him, while Hazel Tan, the Deputy Prosecutor, appeared on behalf of the prosecution. In a separate case, a company director previously charged with seven criminal breach of trust (CBT) offenses, Norliza Tajuddin, claimed innocence before the Magistrate's Court. She was accused of receiving RM10.55 million in funds between March 31, 2021, and November 7, 2022, in two bank branches in Bangsar and Setiawangsa. If found guilty, she could face up to 15 years in prison and a fine of at least five times the amount involved. The case was scheduled for a hearing on October 29. Norliza's lawyer, M Gobinath, represented her, while Deputy Prosecutor Nurul Qistini Qamarul Abrar appeared on behalf of the prosecution.",
  "summary": "Razlan Raghazli didakwa menipu CEO UBB Amanah Bhd sehingga menyebabkan pembayaran RM139.8 juta dilepaskan kepada sebuah syarikat pengurusan universiti swasta.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Free Malaysia Today",
        "title": "Bekas CEO UBB Investment Bank mengaku tak salah tuduhan tipu RM139 juta",
        "url": "https://urgent.news/2026/08/19/bekas-ceo-ubb-investment-bank-mengaku-tak-salah-tuduhan-tipu-rm139",
        "published": "2026-08-19T04:45:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}