{
  "id": 6523973,
  "title": "CEO claims trial over cheating involving shipping daily charter rates",
  "url": "https://urgent.news/2026/09/10/ceo-claims-trial-over-cheating-involving-shipping-daily-charter-rates",
  "topic": "world",
  "section": "World",
  "published": "2026-09-10T02:28:00.000Z",
  "source": {
    "name": "The Vibes",
    "slug": "the-vibes",
    "url": "https://www.thevibes.com/articles/news/127121/ceo-claims-trial-over-cheating-involving-shipping-daily-charter-rates"
  },
  "original_language": "en",
  "account": "Datuk Azmi Ahmad, the chief executive officer of Alam Maritim Resources Bhd, has pleaded not guilty to two charges of cheating a company officer. The charges stem from alleged concealment of daily charter rates for shipping contracts, which were allegedly lower than those he offered to induce a work order signing. The charges occurred on Aug 24, 2023 and Jan 15, 2024, with the first charge involving an agreement between Alam-JV DP2 (L) Inc and Alam Maritim (M) Sdn Bhd. The second charge pertains to a similar arrangement between TH-Alam Management (M) Sdn Bhd and Alam Maritim (M) Sdn Bhd. If convicted, Azmi faces a maximum of five years in prison, a fine, or both.",
  "summary": "ALAM Maritim Resources Bhd group managing director and chief executive officer Datuk Azmi Ahmad has claimed trial to two charges of cheating a company officer by allegedly withholding actual vessel charter rates. Azmi, 67, pleaded not guilty to both ...",
  "key_points": [
    "CEO Datuk Azmi Ahmad denies cheating charges",
    "Charges relate to concealed shipping rates",
    "Maximum penalty: five years in prison"
  ],
  "editors_take": "The CEO's plea of not guilty suggests that Alam Maritim Resources Bhd's leadership may face prolonged scrutiny and reputational risk if the allegations of concealed shipping contract rates are proven.",
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Free Malaysia Today",
        "title": "Alam Maritim CEO charged with fraud over daily charter rate of ship",
        "url": "https://urgent.news/2026/09/10/alam-maritim-ceo-charged-with-fraud-over-daily-charter-rate-of-ship",
        "published": "2026-09-10T03:17:00.000Z"
      },
      {
        "outlet": "Malay Mail",
        "title": "Alam Maritim CEO charged with fraud over vessel charter rates, claims trial",
        "url": "https://urgent.news/2026/09/10/alam-maritim-ceo-charged-with-fraud-over-vessel-charter-rates-claims",
        "published": "2026-09-10T03:24:17.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}