KUALA LUMPUR: Two Revenue Group Bhd company directors have claimed trial at the Sessions Court here to a charge of dishonestly misappropriating company property in 2018.
Brothers Ng Shih Chiow, 50, and Ng Shih Fang, 47, pleaded not guilty after the charge was read out before Sessions judge Rozina Ayob on Tuesday (March 14).
They were jointly charged with causing a CIMB Bank officer to dispose of a Toyota Vellfire, which belonged to Revenue Group, a provider of integrated payment platforms.
The act was done without the approval of the company's board of directors by transferring its ownership to Shih Fang, the second accused.
They allegedly committed the offence at the Road Transport Department (JPJ) at Jalan Genting Kelang in Setapak on Oct 3, 2018.
The charge was framed under Section 403 of the Penal Code, which carries a jail term of six months to five years, whipping and a fine, if convicted.
Deputy public prosecutor Law Chin How offered bail at RM20,000 in one surety for each of the accused with an additional condition that they must surrender their passports to the court.
Lawyers Amer Hamzah Arshad and Tan Sri Dzulkifli Ahmad, the former Malaysian Anti-Corruption Commission chief commissioner, represented the brothers.
Amer asked the court to release his clients on bond on the grounds that they had given full cooperation throughout the investigation.
He said his clients were not a flight risk as they had wives and children in the country.
He also said both of them came to court to clear their names and defend their company.
The court fixed bail at RM10,000 each in one surety and fixed April 14 for next mention.
