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.
