KUALA LUMPUR: Prominent Islamic finance figure Tan Sri Dr Mohd Daud Bakar and a company director claimed trial at the Sessions Court here over allegations of criminal breach of trust (CBT) involving RM10.55mil.
Mohd Daud, 62, and Datuk Norliza Tajudin, 54, pleaded not guilty to seven charges before judge Suzana Hussin here on Monday.
According to the charge sheets, Mohd Daud and Norliza, who were directors and shareholders of trading company Energy Eco Sdn Bhd, were entrusted with monies belonging to an individual, Moideen Kunjayu (RM600,000), Koperasi Perumahan Sentul Pasar Kuala Lumpur Berhad (RM1.95mil), former deputy minister in the Prime Minister’s Department Datuk Dr Mashitah Ibrahim (RM2mil) and Myad Kapital Sdn Bhd (RM6mil).
They were jointly accused of committing CBT on the monies by using them, thus breaching contracts known as the Shareholders’ Advance Agreements dated June 22, 2021, Jan 19, 2022, April 1, 2022, April 27, 2022, Dec 6, 2022, April 5, 2023 and May 12, 2024, signed with all the shareholders.
The agreements stated that "the company shall utilise the shareholders’ advance solely and exclusively for the operation and/or expansion of its glove trading business and its compliance with syariah".
The offences were allegedly committed at Maybank Islamic Bhd in Taman Setiawangsa and RHB Islamic Bank Bhd, Bangsar Shopping Centre, between June 22, 2021 and May 12, 2024.
They were charged under Section 409 of the Penal Code, which carries imprisonment of between two and 20 years, with whipping and a fine, if convicted.
Deputy public prosecutor Mahadi Abdul Jumaat told the court both parties had agreed to bail of RM100,000 in one surety for Norliza.
He also sought additional bail conditions for Norliza to surrender her passport to the court until disposal of the case, and not to communicate with prosecution witnesses.
For Mohd Daud, the prosecution said his defence had also agreed to bail of RM100,000 in one surety and that he had already surrendered his passport at a different Sessions Court for previous cases.
Lawyer Adibah Farhana Abdul Hamid, who represented Norliza, asked the court to allow her client to pay bail in two instalments.
"We can pay a deposit of RM50,000 today and another RM50,000 by May 18," she said.
Judge Suzana then fixed bail at RM100,000 in one surety for each of the accused and allowed Norliza’s bail to be paid in instalments.
The case is fixed for mention on June 19.
