00:00Prominent Islamic finance figure Dawud Bakar has issued two letters of demand,
00:05each seeking RM10.75 million from two people linked to an investment scheme.
00:10The notices were issued to former Energy Echo Berhad or EEB Chief Executive Nurliza Tajuddin
00:16and AUFMBZ Consortium PLT founder Mahadi Badrul Zaman.
00:21Dawud, who previously chaired the Sharia Advisory Councils at Bank Negara Malaysia
00:26and Securities Commission Malaysia, claims his name and professional reputation
00:30were used without consent to boost the scheme's credibility.
00:34Prita Haryan reported that the notices issued on August 18
00:38gave Nurliza and Mahadi 14 days to respond before legal action is taken.
00:44Dawud maintained that after becoming EEB Chairman and Director in 2021,
00:49he was not involved in the company's daily management, finances, investor negotiations
00:54or handling of investor funds.
00:57He claimed he only became aware of the alleged use of his name
01:00after EEB failed to pay dividends and investors contacted him.
01:05Dawud said he later signed and undertaking over RM4.6 million in outstanding payments
01:11and paid RM750,000 from his personal funds to protect his reputation.
01:16He is seeking to recover RM750,000 each from Nurliza and Mahadi
01:21as well as RM10 million each in damages for alleged reputational harm and related expenses.
01:27The dispute comes as Dawud, Nurliza and Mahadi face separate criminal proceedings
01:32linked to EEB and the investment scheme.
01:35Dawud and Nurliza have claimed trial to seven criminal breach of trust charges
01:40involving RM10.55 million,
01:43while Dawud and Mahadi have also pleaded not guilty
01:46to separate charges linked to unlicensed securities activities.
01:51Hanjun Yang, FMT
