KUALA LUMPUR: A datuk claimed trial in the Sessions Court yesterday to defrauding a construction consultancy company in which he was formerly a director by committing criminal breach of trust amounting to RM37mil eight years ago.
Datuk Ngu Tieng Ung, who turned 38 last month, is accused of transferring RM11mil from his former company Pancaran Ikrab Bhd’s bank account to Amsteel Securities (M) Sdn Bhd to finance the purchase of three million units of the company’s shares through Task Avenue Sdn Bhd.
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