Company director claims trial to RM101,679 breach of trust
KUALA LUMPUR: A company director was charged at the Sessions Court here today with criminal breach of trust involving RM101,679.98 in company funds in 2024.
In Kuala Lumpur, a 44-year-old company director, Lee Lun Teong, appeared at Sessions Court on charges of criminal breach of trust, involving RM101,679.98 in company funds in 2024. Lee, a director at Menarez Development Sdn Bhd, faced the court, denying the allegation. The accused was accused of siphoning the funds from the company's account and depositing them into his personal account, disguised as director's fees.
The alleged act took place at the company's premises in Sentul between November 1 and December 7, 2024. Under Section 409 of the Penal Code, the charge could result in a prison term ranging from two to 20 years, caning, and a fine upon conviction.
Deputy public prosecutor Muhammad Zul Hilmi Latif requested bail of RM30,000 with one surety and a passport surrender. However, defense counsel Wan Shahrizal Wan Ladin argued for a lower bail of RM20,000, asserting that his client wasn't a flight risk and required his passport for international business travel. The court complied with this request, granting bail of RM20,000 with one surety.
Additionally, Lee was mandated to report to the nearest police station monthly. The court scheduled Dec 9 for document submission and further mention.
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