Saturday 13 Apr 2024
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SHAH ALAM (Oct 13): Cuscapi Bhd's former chief executive officer (CEO) Her Chor Siong was today charged in the Sessions Court here with two counts of criminal breach of trust (CBT) with regard to the company's property, resulting in losses of US$7.9 million.

This followed the purchase of 11,000 units of Rev Industrial Tablet CX 1000-A102S said to be above the market price and without the company's board approval.

Her, 48, is first charged with a criminal breach of trust (CBT) for allowing the purchase of 1,000 units of the tablet at a price of US$582 per unit — a difference of US$301 per unit without the board's approval — resulting in a loss of US$1.218 million.

He is also charged with purchasing another 10,000 units of the same tablet, without the approval of the board, resulting in a loss of US$6.389 million to the company.

Her is charged with allegedly committing the offences between Oct 1, 2016 and April 9, 2018 on Level 1, Block B, Peremba Square, Section U2, Shah Alam.

He is charged under Section 405 of the Penal Code. Under this section, he stands to face a maximum jail term of 10 years, and be liable to whipping and a fine.

The accused, represented by lawyer Reuben Kumar, claimed trial to the two charges.

Malaysian Anti-Corruption Commission (MACC) Deputy Public Prosecutor (DPP) Allan Suman Pillai and DPP Maziah Mohaide appeared for the prosecution.

Sessions Court Judge Datuk Rosilah Yop set bail at RM500,000 with one surety and had the accused's passport impounded.

Justice Rosilah also fixed Nov 27 this year for the prosecution to hand all related documents as required under Section 51A of the Criminal Procedure Code.

Edited BySurin Murugiah
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