‘Datuk Seri’ businessman claims trial to RM37.1m company funds breach of trust at Bukit Tunku bank
KUALA LUMPUR, Aug 14 — A businessman with a “Datuk Seri” title pleaded not guilty in the Sessions Cour...
A "Datuk Seri" businessman, Zul Azmi Abu Hussin, pleaded not guilty in a court to a charge of criminal breach of trust (CBT). The businessman, 51 years old and a director of Xspec Resources Sdn Bhd, is accused of misappropriating RM37.1 million in company funds from a bank in Taman Tunku, Bukit Tunku, on February 15, 2022. If convicted, he faces up to 20 years of imprisonment, caning, and a fine under Section 409 of the Penal Code.
The prosecution requested bail of RM500,000 with one surety and the accused surrender his passport, while the defense sought bail at RM50,000, citing his client's financial responsibilities and health condition. Judge Mohd Kafli Che Ali set bail at RM100,000 with one surety, and set Oct 5 for the case mention.
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