00:01A former IT company director has denied charges of criminal breach of trust involving RM5.5 million
00:08and money laundering. 53-year-old Datuk Sri Liu Kok Leong was charged in two separate Kuala
00:16Lumpur sessions courts on Friday. The first charge alleges that Liu, then a director of
00:21ARB Development Sendirian Berhad, was entrusted with RM5.5 million in company funds to buy
00:29a 51% stake in C&M Renewable Energy Technology. He is accused of instead transferring the money
00:36into a law firm's account before it went on to the account of one E Yen Xuen, allegedly to buy
00:43three shop office lots in Ipoh. The offence allegedly took place between May and June 2019.
00:49The charge falls under Section 409 of the Penal Code and carries a jail term of 2 to 20 years,
00:56whipping and a fine upon conviction. In a separate court, Liu faces a money laundering charge
01:03involving RM403,000. He is accused of instructing E to transfer of the sum into the account of
01:10Permata Global Sendirian Berhad on June 15, 2019. That offence carries up to 15 years jail and a fine
01:19of at least five times the amount involved, or RM5 million, whichever is higher.
01:25The prosecution sought RM500,000 bail, with monthly reporting to the MACC and surrender of his
01:32passport. The defence asked for RM50,000, saying his client was cooperating with investigators and
01:39that his and his wife's bank accounts have been frozen since 2025.
01:43The court set bail at RM200,000 with one surety, along with the prosecution's additional conditions.
01:51The money laundering case has been transferred to the same court as the breach of trust case.
01:57Both will be mentioned on December 10.
