Businessman charged with cheating, CBT, misuse company’s assets worth RM13.4m

BUTTERWORTH: A businessman was charged in the Sessions Court here Friday with three counts of cheating, one count of criminal breach of trust and two counts of misusing company assets involving losses amounting to RM13.4 million.ADVERTISEMENT

The offences were allegedly committed at a premises at Taman Berjaya Indah and Jalan Bukit Teh, Machang Bubok in the Seberang Perai Tengah district, between April 11 and Nov 21, 2019. For the fourth charge, the accused who was then the director of Global Tobacco, was charged with a criminal breach of trust over the company’s funds by approving the purchase of property worth RM1.8 million without the company’s approval on Oct 1, 2019, at Jalan Bukit Teh, Machang Bubok.The charge was framed under Section 409 of the Penal Code which carries a maximum prison sentence of 20 years, whipping and a fine if convicted.

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Businessman charged with cheating, CBT, misuse company's assets worth RM13.4mBUTTERWORTH: A businessman was charged in the Sessions Court here today with three counts of cheating, one count of criminal breach of trust (CBT) and...
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