KUALA LUMPUR, Aug 2 — A former director of a real estate company pleaded not guilty in the Sessions Court here today to charges of cheating a company over loan of RM5 million five years ago.
On the charge of cheating, Teoh was alleged to have cheated Puas Murni Sdn Bhd into giving a loan of RM5 million through an agreement dated May 25, 2017 at Plaza Riverwalk, No. 1, Jalan Selvadurai Off Jalan Sultan Azlan Shah here, between May 2017 and September 2019. The charge, framed under Section 420 of the Penal Code, provides an imprisonment for up to 10 years, whipping and is liable with fine, if found guilty.
Teoh also faced an alternative charge, framed under Section 403 of the Penal Code for dishonest misappropriation of property, involving the four property that were used a collateral in the loan, in an agreement signed with Puas Murni at Gurney Tower, Persiaran Gurney, Penang, between May 2017 and September 2019.