In Johor, Former JCorp president accused of investment fraud totalling nearly RM10m | Malay Mail

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In Johor, Former JCorp president accused of investment fraud totalling nearly RM10m

JOHOR BARU, March 22 — A former president and chief executive officer of government-linked company, Johor Corporation , claimed trial in the Sessions Court here today for fraudulently investing RM9.47 million about three years ago.

Kamaruzzaman, who was then the JCorp president and CEO, is accused of cheating by deceiving the corporation’s board members by not informing them of World Logistic Council Limited's true position. The act was allegedly committed at the Board of Directors meeting room on the 25th Floor, Menara Komtar in Johor Baru, Johor between 9.30am to 1.45pm on July 8, 2019.Earlier, Deputy Public Prosecutor Zander Lim Wai Keong applied to the court to set bail at RM200,000.

 

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'Datuk Kamaruzzaman Abu Kassim made the plea...' what was his plea? The story lead only said he claimed trial. Story needs a rewrite to say he pleaded not guilty to the charge.

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