A prominent figure in Perak, Malaysia, has been arrested and remanded for allegedly committing criminal breach of trust (CBT) involving company funds. The 51-year-old suspect, holding a prestigious Datuk title, was a director of a licensed moneylending company and is accused of misappropriating funds without authorization. The case is currently under investigation, and the suspect remains in custody pending further legal proceedings.
A man with a Datuk title was remanded at the Taiping Magistrate Court for allegedly committing criminal breach of trust ( CBT ) last year. Acting Perak police chief Deputy Comm Zulkafli Sariaat said the 51-year-old suspect was a director of a licensed moneylending company. DCP Zulkafli said the suspect was accused of dishonestly misappropriating company funds without the knowledge or consent of the company.
The remand has been approved for five days starting today (Jan 21) and the case has not yet been charged as it is still under investigation. The investigation is under Section 409 of the Penal Code for Criminal Breach of Trust by an agent, he said when contacted. It is learnt that the suspect is a director of multiple credit community companies in Taiping and was entrusted by his business partners to manage the credit community company. The suspect is also said to have held various important positions in the community, including schools and houses of worship.
CRIMINAL BREACH OF TRUST CBT MALAYSIA PERAK DATUK FINANCIAL MISMANAGEMENT
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