Ex-directors get jail sentence for CBT involving RM26m
KUALA LUMPUR, Sept 22 — Two ex-directors were sentenced to lengthy jail tems for committing criminal breach of trust (CBT) involving RM26 million four years ago today.
Judge Datuk Jagjit Singh of the Sessions Court here passed a 12-year jail sentence to Singaporean Gordon Toh Chun Toh, 60. Toh has to pay a fine of RM1 million or serve an additional two years in jail, Bernama Online reported.
The other ex-director from Multi-Code Industries Sdn Bhd, Datuk Abul Hassan Mohamed Rashid, 68, was given a six-year term in prison
However both men will remain free since the defence’s application for a stay of execution of the jail sentence was granted, pending an appeal to the High Court. Toh was set free with a bail set at RM1 million in one surety and Abul Hassan half the amount but with two sureties.
They were guilty of the alternative charge of committing CBT involving RM26,045,473.94 from Multi-Code Industries at Suite 11.2B, Level 11, Menara Pelangi, No 2, Jalan Kuning, Taman Pelangi, Johor Baharu between March 23 and 28, 2007.
They were successfully prosecuted under Section 409 of the Penal Code.
Jagjit decided after the defence could not muster reasonable doubt on the prosecution’s case.
The judge said that the white collar crime was committed very meticulously, with Toh being the mastermind. He hoped the sentence imposed would be a deterrence to other potential offenders.
Joshua Kevin represented Toh, with Ng Aik Guan for Abul Hassan.
Toh informed he court he had cancer and needed RM37,000 for treatment, while Abul Hassan stated he had heart problems.
Deputy Public Prosecutor Shanti Geoffray from the Securities Commission (SC) said punishment must meet the severity of the offence and the public’s interest.