: A director pleaded not guilty in the Sessions Court here today to a charge of transferring RM859,750 of company’s funds to another company two years ago.
This action was allegedly taken to facilitate Pixelvest Sdn Bhd’s illicit involvement in regulated fund management activities, despite the company not possessing a Capital Markets Services Licence. The offence was purportedly committed at Alliance Bank Malaysia Berhad, Petaling Jaya, on Oct 11, 2022.
Judge Azrul Darus granted the application by Chin’s lawyer Datuk Tan Hock Chuan, to maintain the previously set bail of RM10,000 with additional conditions of surrendering her passport to the court and reporting to the nearest police station once a month.Securities Commission deputy public prosecutor, Muhammad Izzat Fauzan appeared for the prosecution.