KUALA LUMPUR – Businessman Datuk Ranjeet Singh Sidhu, 56, pleaded not guilty at the Sessions Court to charges of bribery and fraud linked to a RM400 million loan application. He allegedly offered RM8 million to a former bank president in 2012 through an intermediary to secure financing for a fibre optic project across Peninsular Malaysia.
Businessman
Ranjeet also faces a separate charge of submitting false particulars in a Joint Completion Guarantee. Judge Rosli Ahmad granted bail of RM150,000 with one surety, requiring him to surrender his passport and report monthly to the MACC. The case will be mentioned again on March 30.
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