KUALA LUMPUR: The sessions court here today discharged and acquitted former Tanjung Offshore Berhad managing director Datuk Harzani Azmi of fraudulent inducement involving shares worth RM34.4 million and money laundering. Judge Mardihah Harullah announced the discharge and acquittal without calling the accused to defend himself after the prosecution failed to prove a prima facie case against Harzani. “The court found that the prosecution failed to prove that RM34.4 million was exceeding the real value (of the shares), as there was a report from an expert stating that the price was right for the sale and purchase. On Feb 16 last year, Harzani, 50, was alleged to have misled Tanjung Offshore Berhad’s board of directors to enter into a share sales agreement between Appolusa Sdn Bhd and Tanjung Offshore Berhad, for the purchase of Gas Generators (M) Sdn Bhd in 2013, valued at RM34.3 million. Counsel Datuk N. Sivananthan represented the accused, while deputy public prosecutor Mohd Zaki Mohd Salleh prosecuted.

Source: New Strait Times August 24, 2017 05:37 UTC