KUALA LUMPUR: Businessman Datuk Ranjeet Singh Sidhu pleaded not guilty on Monday (Feb 23) at the Sessions Court here to a charge of offering an RM8mil bribe to the former president of a bank 14 years ago. The 56-year-old is accused of providing a bribe to the former president and managing director of the bank through an intermediary, as an inducement to approve a RM400mil loan application by V Telecoms Bhd. The loan was intended to finance the development of a coastal fibre optic network covering the entirety of Peninsular Malaysia. The offence is alleged to have occurred at a bank on Jalan Sultan Ismail, here, on June 29, 2012. Judge Rosli Ahmad granted bail of RM150,000 with one surety, imposing the additional conditions as requested by the prosecution, and fixed March 30 for the next case mention.

Source: The Star February 23, 2026 15:46 UTC