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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pengarah syarikat didakwa pecah amanah deposit lebih RM4 juta | The Malaysian InsightS. Hariharan, 42, didakwa menerima deposit daripada R. Karunamoorthy, 47, berjumlah RM4.95 juta bagi tujuan pelaburan tanpa suatu lesen yang sah.
Source: msianinsight - 🏆 8. / 63 Read more »
Company director claims trial to RM4.95 million illegal deposit-taking | New Straits TimesGEORGE TOWN: An information technology company director was charged at the Sessions Court here this morning with illegal deposit-taking involving RM4.95 million.
Source: NST_Online - 🏆 17. / 53 Read more »
IT company director claims trial to RM4.95m CBT chargeGEORGE TOWN: An information technology company director today pleaded not guilty at the Sessions Court here today to criminal breach of trust involvin...
Source: theSundaily - 🏆 25. / 51 Read more »
IT company director claims trial to RM4.95m CBT chargeGEORGE TOWN: An information technology company director today pleaded not guilty at the Sessions Court here today to criminal breach of trust involvin...
Source: theSundaily - 🏆 25. / 51 Read more »
Company director claims trial to RM4.95 million illegal deposit-taking | New Straits TimesGEORGE TOWN: An information technology company director was charged at the Sessions Court here this morning with illegal deposit-taking involving RM4.95 million.
Source: NST_Online - 🏆 17. / 53 Read more »
IT firm director claims trial to RM5 million CBT | The Malaysian InsightS. Hariharan granted bail at RM60,000 with one surety, ordered to surrender passport.
Source: msianinsight - 🏆 8. / 63 Read more »