Former UBB Investment Bank CEO Pleads Not Guilty to RM139.8m Cheating Charge

Former UBB Investment Bank CEO pleads not guilty to RM139.8m cheating charge

KUALA LUMPUR, Aug 19 — A former chief executive officer (CEO) of an investment bank pleaded not guilty in the Sessions Court here today to a charge of cheating regarding a payment of RM139.8 million to a private university management company.Razlan Raghazli, 43, the former CEO of UBB Investment Bank Limited, entered the plea after the charge was read out to him before Judge Azura Alwi.He was charged with cheating the Managing Director and CEO of…

Ex-UBB Investment Bank CEO claims trial to RM139mil cheating charge

Razlan Raghazli is accused of deceiving the CEO of UBB Amanah Bhd into releasing a RM139.8 million payment to a private university management firm.

Ex-investment bank CEO charged with cheating involving RM139.8mil

KUALA LUMPUR: A former chief executive officer (CEO) of an investment bank pleaded not guilty in the Sessions Court here on Wednesday (Aug 19) to a charge of cheating regarding a payment of RM139.8mil to a private university management company.

Former UBB Investment Bank CEO Faces RM139.89 Million Cheating Case

Former UBB Investment Bank CEO Razlan Raghazli pleaded not guilty to a cheating charge involving a RM139.89 million payment to an education company. Razlan, entered the plea before Sessions Court Judge Azura Alwi in Kuala Lumpur on 19 August, according to Bernama. The charge alleges that he led UBB Amanah Managing Director and CEO Aida Aizura Othman to believe a payment schedule followed legal advice from Kassim Tadin, Wai & Co despite knowing i…

UBB Amanah strong, stable and unaffected amid ex-investment bank CEO charged over RM139.89mil secured-financing deal

KUALA LUMPUR, Aug 20 — UBB Amanah Berhad has moved to reassure its agents and clients that its operations remain “strong, stable and unaffected” after the former chief executive officer of its sister company, UBB Investment Bank Limited, was charged in court over a RM139.89 million financing deal. In an internal memorandum dated Aug 19, 2026 and addressed to “all Agencies, Agents and Independent Trust Consultants,” published on UBB Amanah’s webs…