Ex-company director charged with RM5.5mil CBT, money laundering
Former ARB Development Sdn Bhd director Liew Kok Leong claims trial to both charges.
Kuala Lumpur courts have charged former ARB Development Sdn Bhd director Liew Kok Leong with two counts: criminal breach of trust (CBT) and money laundering. Liew, 53, pleaded not guilty to both charges. The CBT charge involves a RM5.5 million misappropriation intended for the purchase of a 51% equity stake in C&M Renewable Energy Technology Sdn Bhd.
The money laundering charge alleges RM403,000 was directed from Liew's Maybank account to Permata Global Sdn Bhd's CIMB Bank account. Both charges were read before separate session court judges, Ilmami Ahmad and Suzana Hussin. Liew was granted a RM400,000 combined bail and ordered to surrender his passport and report to the Malaysian Anti-Corruption Commission monthly.
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- Ex-company director charged with RM5.5mil CBT, money laundering freemalaysiatoday.com
