Datuk Seri charged with embezzlement of company funds exceeding RM37 million
A BUSINESSMAN holding the title Datuk Seri has been charged with criminal breach of trust involving nearly RM37.1 million belonging to a company he was a director of. Zul Azmi Abu Hussin, 51, pleaded not guilty at the Sessions Court today to misappro...
Datuk Seri Zul Azmi Abu Hussin, 51, has been charged with criminal breach of trust, accused of embezzling nearly RM37.1 million from Xspec Resources Sdn Bhd, a company where he served as a director. He pleaded not guilty at the Sessions Court in Kuala Lumpur. The alleged fraud took place at a bank in Taman Tunku, Bukit Tunku, on February 15, 2022.
He faces up to 20 years in prison, whipping, and a fine if convicted under Section 409 of the Penal Code. The prosecution requested bail at RM500,000 with one surety and the surrender of his passport, while his defense lawyer sought a lower amount of RM50,000, citing his family responsibilities and health issues. The judge set bail at RM100,000 with one surety and the same conditions imposed by the prosecution. The case is scheduled for mention on October 5.
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