KUALA LUMPUR: A company director has pleaded not guilty to abusing his position by transferring over RM3mil of the company’s funds into his personal bank account without the approval of the company’s general meeting.
Yee Ho Yong, 32, is charged with abusing his position as a director of Golden Summit Academy Sdn Bhd by transferring RM3,149,000 belonging to the company into his Maybank account.
The offence was allegedly committed at an office in Sentul here, between Feb 16 and Dec 24, 2022, Bernama reported.
The charge, under Section 218(1)(c) of the Companies Act 2016, provides imprisonment for up to five years or a maximum fine of RM3mil or both, upon conviction.
Sessions Judge Hamidah Mohamed Deril allowed Yee bail of RM100,000 and also ordered him to surrender his passport to the court.
She also fixed Aug 6 for mention.
Deputy public prosecutor Akmalzatul Mohamed Nawi appeared for the prosecution while Yee was represented by lawyer Lim Chi Chau.
