{
  "id": 5309209,
  "title": "Daud Bakar seeks RM21.5mil over alleged misuse of name, reputation",
  "url": "https://urgent.news/2026/09/03/daud-bakar-seeks-rm21-5mil-over-alleged-misuse-of-name-reputation-5309209",
  "topic": "world",
  "section": "World",
  "published": "2026-09-03T10:04:00.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today",
    "url": "https://www.freemalaysiatoday.com/category/nation/2026/09/03/daud-bakar-seeks-rm21-5mil-over-alleged-misuse-of-name-reputation"
  },
  "original_language": "en",
  "account": "Prominent Islamic finance figure Daud Bakar has filed two letters demanding RM10.75 million each from two individuals associated with an investment scheme over allegations of unauthorized use of his name and professional reputation. Former Energy Eco Bhd (EEB) CEO Norliza Tajudin and AUF MBZ Consortium PLT founder Mahadi Badrul Zaman were served with the notices on August 18 and given 14 days to respond. If they fail to respond, Daud's lawyers will initiate legal action. Daud, who served as chairman of the shariah advisory councils at Bank Negara Malaysia and Securities Commission Malaysia, asserts that his name, position, and professional standing were misused to bolster the scheme's credibility and attract investors. He maintains that he had no involvement in EEB's operations, finances, or investor fund management, which were handled by EEB's management and AUF as the scheme's marketing and distribution agent. Daud alleges that Norliza and EEB's management abused his name and reputation to gain investors' confidence, while Mahadi aggressively promoted his involvement to enhance the scheme's credibility. Daud was appointed EEB chairman and director on July 19, 2021, but claims he was unaware of the funds raised, their usage, or the returns to investors. In a previous undertaking, Daud acknowledged RM4.6 million in outstanding payments, which he paid using personal funds to protect his reputation. He now seeks RM750,000 each from Norliza and Mahadi, as well as RM10 million each in damages for reputation harm and related expenses. The dispute unfolds as Daud, Norliza, and Mahadi face separate criminal proceedings linked to EEB and the investment scheme.",
  "summary": "The Islamic finance expert claims he only became aware of the alleged use of his name after Energy Eco Bhd failed to pay dividends and investors contacted him.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Free Malaysia Today",
        "title": "Daud Bakar seeks RM21.5mil over alleged misuse of name, reputation",
        "url": "https://urgent.news/2026/09/03/daud-bakar-seeks-rm21-5mil-over-alleged-misuse-of-name-reputation",
        "published": "2026-09-03T10:04:00.000Z"
      }
    ]
  },
  "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."
}