KUALA LUMPUR: A Singaporean businessman pleaded not guilty to a charge of committing criminal breach of trust involving over RM1mil three years ago belonging to a company where he served as chief executive officer.
Seow Boon Cheng, 50, claimed trial in the Sessions Court yesterday to misappropriating RM50,000 from UEM Genisys Sdn Bhd at its office located at 16th floor, Menara 2, Faber Towers, Jalan Desa Bahagia, Taman Desa, here on April 5, 2000.
He also pleaded not guilty to a second charge of misappropriating RM1mil from the same company on Aug 25.
Deputy Public Prosecutor Salehuddin Saidin sought a RM200,000 bail for both charges, saying that it was a reasonable amount as the prosecution was not proposing an additional condition of surrendering his passport.
Furthermore, he added, the offence which Seow had been charged with involved a large amount of money and there was a likelihood of him not attending the trial due to other surrounding circumstances.
However, Seow's counsel Francis Ng Aik Guan urged the court to lower the bail sum, noting that his client had given his full co-operation during the investigation.
Ng also urged the court to allow his client to pay the bail sum in a form of a secured cash bond.
Judge Rosenani Abdul Rahman fixed July 7 for hearing and set RM200,000 bail to be paid in the form of a secured cash bond. Seow posted bail.
Did you find this article insightful?