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Company owner charged with misappropriating Mitra fund | The Malaysian Insight

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Company owner charged with misappropriating Mitra fund

A COMPANY owner claimed trial in the Alor Setar Sessions Court today to a charge of misappropriating funds belonging to the Malaysian Indian Community Transformation Unit.He was charged with dishonestly misappropriating RM100,000 belonging to the Malaysian government and channelled by the Mitra unit for socio-economic development programmes of the B40 Indian community in the country.

The offence was allegedly committed at Agrobank Bhd, Sungai Petani branch, Zamrud Business Centre, Kuala Muda, on February 26, 2021. The charge, framed under section 403 of the penal code, carries a maximum five years’ jail, with whipping and shall also be liable to a fine. Ramananaidu, represented by lawyer Miguel Sequerah, was allowed bail of RM50,000 with one surety. He was also ordered not to intimidate witnesses in the case.Malaysian Anti-Corruption Commission prosecuting officer Mohd Zulfadli Azharudin prosecuted. – Bernama, July 21, 2022.

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