Datuk Seri claims trial to RM37.1 million criminal breach of trust charge
KUALA LUMPUR: A businessman with the title Datuk Seri today claimed trial at the Sessions Court to a charge of criminal breach of trust involving RM37.1 million in company funds four years ago.
KUALA LUMPUR: Datuk Seri Zul Azmi Abu Hussin, 51, appeared before Sessions Court today, facing charges of a RM37.1 million criminal breach of trust involving company funds. As a director of Xspec Resources Sdn Bhd, he was entrusted with the company's property and funds, and is accused of committing the offence at a bank in Taman Tunku, Bukit Tunku, on February 15, 2022. The charge, under Section 409 of the Penal Code, carries a potential jail sentence of two to 20 years, along with whipping and a fine upon conviction.
During the proceedings, Zul Azmi maintained a calm demeanor and entered his plea. The Deputy Public Prosecutor, Siti Suriatey Mohamed Yusoff, requested a bail amount of RM500,000 with one surety, and that Zul Azmi surrender his passport as an additional condition. Zul Azmi's lawyer, Edly Mohammad Firdaus, argued for a reduced bail amount of RM50,000, citing his client's responsibilities towards his wife, five children, and parents, as well as his health issues with high cholesterol and hypertension.
The lawyer explained that the bail should not be punitive, but rather to ensure the accused's attendance in court. Judge Mohd Kafli Che Ali granted Zul Azmi RM100,000 bail with one surety, and ordered him to surrender his passport. The court set Oct 5 for the next mention.
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