: A businessman was charged in the Sessions Court here today 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.
All three charges were framed under Section 420 of the Penal Code which provides for a maximum prison sentence of 10 years, whipping and also liable to a fine, upon conviction. 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.
Deputy public prosecutor Muna Mohamed Jaafar applied for the accused to be bailed in a cumulative amount of RM200,000.
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