IT company director claims trial to RM4.95m CBT charge

An information technology company director today pleaded not guilty at the Sessions Court here today to criminal breach of trust involving RM4.95 million in deposits from a man, four years ago.

The accused, who was wearing a tuxedo, was charged under Section 10 of the Financial Services Act 2013 and can be punished under Section 137 of the same Act, which carries a maximum 10 years jail or a maximum fine of RM50 million or both, upon conviction. In mitigation, Hariharan represented by counsel P. Vijay Esvaren requested a lower bail of RM10,000 on grounds that the accused had cooperated throughout the investigation.

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Company director claims trial to RM4.95 million illegal deposit-taking | New Straits TimesGEORGE TOWN: An information technology company director was charged at the Sessions Court here this morning with illegal deposit-taking involving RM4.95 million.
Herkunft: NST_Online - 🏆 17. / 53 Weiterlesen »

Company director claims trial to RM4.95 million illegal deposit-taking | New Straits TimesGEORGE TOWN: An information technology company director was charged at the Sessions Court here this morning with illegal deposit-taking involving RM4.95 million.
Herkunft: NST_Online - 🏆 17. / 53 Weiterlesen »