KUALA LUMPUR: A Singaporean businessman claimed trial to a charge of criminal breach of trust (CBT) involving 500,000 share units belonging to a company.
Poh Po Lian, 68, together with another individual still at large, is accused of committing CBT in Victoria Island Club Bhd, which was entrusted to them by Tan Sri Ta Kin Yan.
Poh allegedly transferred the shares to one Jennifer Kok Sau Keng without the agreement of six individuals who should have received their own shares.
The offence was allegedly committed at a residence in Solaris Dutamas, Jalan Dutamas 1, near here on July 31, 2022.
The charge was framed under Section 406 of the Penal Code, read together with Section 34.
The offence carries a jail term of up to 10 years, whipping and fine, upon conviction.
Poh pleaded not guilty before Sessions Court judge Rosli Ahmad yesterday.
Deputy public prosecutor Dr Ifa Sirrhu Samsudin offered bail at RM1mil in two sureties, including a Malaysian bailor with a permanent address in Malaysia.
Poh’s lawyer pleaded for a lower bail amount, saying his client was not a flight risk.
He said his client has been in the country for more than 30 years and possesses a pass under Malaysia My Second Home.
The court fixed bail at RM400,000 in two sureties who must be Malaysians and allowed the additional bail conditions.
The case is set for mention on Dec 8.
