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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.
The Star
06-05-2025
- Business
- The Star
Indian national charged with CBT involving over RM140K
KUALA LUMPUR: An Indian national has pleaded not guilty in the Sessions Court here to charges of criminal breach of trust (CBT) involving more than RM140,000. 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 premises 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. He 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 RM3mil, 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 yesterday, Bernama reported. Earlier, deputy public prosecutor Mohamad Ikhwan Mohd Nasir did not offer bail, but said that if the court exercised 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 teenage 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.
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.
