IT company director claims trial to RM4.95m CBT charge in George Town | Malay Mail

📆 7/16/2020 11:13 AM
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IT company director claims trial to RM4.95m CBT charge in George Town

Thursday, 16 Jul 2020 10:06 PM MYTGEORGE TOWN, July 16 — 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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