Latest news with #Section409
Barnama
14-05-2025
- Barnama
Ramasamy Pleads Not Guilty To 17 CBT Charges Involving PHEB Funds
REGION - NORTHERN > NEWS BUTTERWORTH, May 14 (Bernama) -- Former Penang Deputy Chief Minister II Dr P. Ramasamy was charged in the Sessions Court here today on 17 counts of criminal breach of trust (CBT) involving funds belonging to the Penang Hindu Endowment Board (PHEB) totalling RM859,131.29. Ramasamy, 76, pleaded not guilty to all the charges before Judge Zulhazmi Abdullah. On all the 13 counts, Ramasamy, was charged as the then PHEB chairman entrusted with the funds, to have committed CBT by dishonestly misusing the funds to pay a total of RM779,131.29 in separate payments via cheque and telegraphic transfer for the purchase of a gold chariot to two different companies without first obtaining approval from the PHEB meeting. bootstrap slideshow He is accused of committing the offences in the Timur Laut district between 2019 and 2023. Ramasamy was also charged with another two counts of making a similar offence, involving payments totalling RM65,000 via cheques to two individuals for medical expenses without obtaining the approval of the PHEB meeting. Ramasamy is charged with committing the offence at a bank in the Timur Laut district on March 9, 2020, and August 24, 2021. He is also charged with two other similar charges of making separate payments totalling RM15,000 via cheques to two students for educational financial assistance payments without obtaining the approval of the PHEB meeting at the same bank on January 5 and February 9, 2022. All the 17 charges were framed under Section 409 of the Penal Code, which provides a maximum prison sentence of 20 years with whipping and a fine, if convicted. Earlier, the prosecution, represented by deputy public prosecutors Noor Azura Zulkiflee and Nurnajihatul Idayu Mohd Azuyar, requested bail at RM90,000 for all charges against Ramasamy and also for him to surrender his passport to the court and to report himself at a MACC office once a month.
New Straits Times
08-05-2025
- Business
- New Straits Times
High Court grants bail on Indian citizen charged with CBT
KUALA LUMPUR: The High Court today granted bail to an Indian citizen facing criminal breach of trust (CBT) charges, setting bail at RM50,000 in two local sureties and ordered his passport to be impounded. This came after Judge K. Muniandy granted 57-year-old Rajinder Singh's application to revise a Sessions Court ruling which denied him bail after he was charged earlier this week. Sessions Court judge Zulqarnain Hassan had denied Rajinder bail for the non-bailable offence under Section 409 of the Penal Code. Rajinder, the director of Vantage Trading Partners, was accused of committing CBT on his company's funds amounting to RM141,486.12, and using the money without consent or ratification of a general meeting at Ilham Tower, Jalan Binjai on Oct 13 and Nov 26, 2021. During proceedings today, Rajinder's lawyer, Daniel Annamalai said the Sessions Court had denied his client bail because he is a foreigner with the risk of absconding. Rajinder, clad in plainclothes in the dock, said he had just arrived from the hospital where he was treated for his chronic diseases. He told the judge that he had been operating his business in Malaysia for the past seven to eight years and possessed an employment pass. In a rebuttal, deputy public prosecutor Izalina Abdullah said at the earlier Sessions Court's proceedings, the prosecution had offered a RM70,000 bail but it was refused by Zulqarnain. "As we know, the court can use its discretion to allow bail. If this court allows it, we suggest the same sum in two sureties. "Additionally, we ask for the applicant (accused) to surrender his passport to the court," she said. Daniel described the RM70,000 bail as steep and asked for RM40,000 instead.
New Straits Times
05-05-2025
- Business
- New Straits Times
Indian citizen charged with CBT involving over RM140,000 in company funds
KUALA LUMPUR: A man from India pleaded not guilty in the Sessions Court here today to charges of criminal breach of trust involving more than RM140,000 in his company's funds four years ago. Rajinder Singh, 57, was charged as the director of Vantage Trading Partners, with committing CBT of the company's funds amounting to RM141,486.12. The offence was allegedly committed at the company at Ilham Tower, Jalan Binjai here, on Oct 13 and Nov 26, 2021. He was charged under Section 409 of the Penal Code, which provides for a prison sentence of not less than two years and a maximum of 20 years, whipping and a fine upon conviction. The man also pleaded not guilty to an alternative charge of using the funds without the consent or ratification of a general meeting at the same location and date. The charge, under Section 218(1)(a) of the Companies Act, provides imprisonment for up to five years or a fine of up to RM3 million or both upon conviction. Judge Zulqarnain Hassan did not allow the accused bail and set June 5 for mention. "The principle of bail is to ensure the accused appears in court. The accused and his wife are foreign citizens, and this country is not their homeland. Therefore, bail is not allowed," he said. Earlier, deputy public prosecutor Mohamad Ikhwan Mohd Nasir did not offer bail, but said that if the court exercises its discretion to grant bail, he requested the bail amount at RM70,000 with two Malaysian guarantors. Lawyer Daniel Annamalai, representing Rajinder, requested that his client be allowed bail on the grounds that he has a wife, who is British, and two teenaged children to support. "The accused is not at risk of fleeing because he has lived in this country for seven years and has businesses in Malaysia, India, Bangladesh and Indonesia in addition to being a 'trader' for the governments of the four countries," he said.
Malaysian Reserve
05-05-2025
- Business
- Malaysian Reserve
Indian national charged with CBT involving over RM140,000 in company funds
KUALA LUMPUR — An Indian national pleaded not guilty in the Sessions Court here today to charges of criminal breach of trust (CBT) involving more than RM140,000 in the company's funds four years ago. Rajinder Singh, 57, was charged as the director of Vantage Trading Partners, with committing CBT of the company's funds amounting to RM141,486.12. The offence was allegedly committed at the company at Ilham Tower, Jalan Binjai here, on Oct 13 and Nov 26, 2021. He was charged under Section 409 of the Penal Code, which provides a prison sentence of not less than two years and a maximum of 20 years, whipping and is liable to a fine, if convicted. The man also pleaded not guilty to an alternative charge of using the fund without the consent or ratification of a general meeting at the same location and date. The charge, under Section 218 (1) (a) of the Companies Act, provides imprisonment for up to five years or a fine of up to RM3 million or both upon conviction. Judge Zulqarnain Hassan did not allow the accused bail and set June 5 for mention. 'The principle of bail is to ensure the accused appears in court. The accused and his wife are foreign nationals, and this country is not their homeland. Therefore, bail is not allowed,' he said. Earlier, Deputy Public Prosecutor Mohamad Ikhwan Mohd Nasir did not offer bail, but said that if the court exercises its discretion to grant bail, he requested the bail amount at RM70,000 with two Malaysian guarantors. Lawyer Daniel Annamalai, representing Rajinder Singh, requested that his client be allowed bail on the grounds that he has a wife, who is British, and two teenaged children to support. 'The accused is not at risk of fleeing because he has lived in this country for seven years and has businesses in Malaysia, India, Bangladesh and Indonesia in addition to being a 'trader' for the governments of the four countries,' he said. — BERNAMA
The Sun
05-05-2025
- Business
- The Sun
Indian national charged with CBT involving over RM140,000 in company funds
KUALA LUMPUR: An Indian national pleaded not guilty in the Sessions Court here today to charges of criminal breach of trust (CBT) involving more than RM140,000 in the company's funds four years ago. Rajinder Singh, 57, was charged as the director of Vantage Trading Partners, with committing CBT of the company's funds amounting to RM141,486.12. The offence was allegedly committed at the company at Ilham Tower, Jalan Binjai here, on Oct 13 and Nov 26, 2021. He was charged under Section 409 of the Penal Code, which provides a prison sentence of not less than two years and a maximum of 20 years, whipping and is liable to a fine, if convicted. The man also pleaded not guilty to an alternative charge of using the fund without the consent or ratification of a general meeting at the same location and date. The charge, under Section 218 (1) (a) of the Companies Act, provides imprisonment for up to five years or a fine of up to RM3 million or both upon conviction. Judge Zulqarnain Hassan did not allow the accused bail and set June 5 for mention. 'The principle of bail is to ensure the accused appears in court. The accused and his wife are foreign nationals, and this country is not their homeland. Therefore, bail is not allowed,' he said. Earlier, Deputy Public Prosecutor Mohamad Ikhwan Mohd Nasir did not offer bail, but said that if the court exercises its discretion to grant bail, he requested the bail amount at RM70,000 with two Malaysian guarantors. Lawyer Daniel Annamalai, representing Rajinder Singh, requested that his client be allowed bail on the grounds that he has a wife, who is British, and two teenaged children to support. 'The accused is not at risk of fleeing because he has lived in this country for seven years and has businesses in Malaysia, India, Bangladesh and Indonesia in addition to being a 'trader' for the governments of the four countries,' he said.
