Singaporean Businessman Denies CBT Over 500,000 Club Shares

A 68-year-old Singaporean businessman has pleaded not guilty in the Kuala Lumpur Sessions Court to a charge of criminal breach of trust involving 500,000 shares in a company, Bernama reported on Friday (Nov 13).

Poh Po Lian entered his plea after the charge was read before Judge Rosli Ahmad.

Criminal Breach of Trust Charge

According to the charge, Poh and another person who is still at large allegedly committed criminal breach of trust over shares in Victoria Island Club Berhad that had been entrusted to them by Tan Sri Ta Kin Yan.

They allegedly transferred the shares to Jennifer Kok Sau Keng without the consent of six individuals who were entitled to a portion of them. The offence is said to have taken place at a residential unit in Solaris Dutamas, Jalan Dutamas 1, on July 31, 2022.

The charge was brought under Section 406 of the Penal Code, read with Section 34, which Bernama said carries a maximum of 10 years’ jail, whipping and a fine upon conviction.

Businessman Bail Set at RM400,000

Deputy public prosecutor Dr Ifa Sirrhu Samsudin proposed bail of RM1 million with two sureties, one of whom had to be a Malaysian citizen with a permanent address in the country. The prosecution also asked that Poh report monthly to the nearest Malaysian Anti-Corruption Commission (MACC) office and not interfere with witnesses.

The prosecution did not seek to impound his passport, saying he needed it to travel to and from Singapore.

Defence lawyer Datuk Jerald Gomez asked for lower bail, saying his client holds a Malaysia My Second Home (MM2H) pass and has lived and done business in Malaysia for more than 30 years. He said Poh owns companies and properties in the country, including at Pavilion Bukit Bintang and in Penang, and was not a flight risk.

Judge Rosli allowed bail of RM400,000 with two Malaysian sureties, on condition that Poh does not interfere with prosecution witnesses and reports to the nearest MACC office once a month.

Next Mention on Dec 8

The court fixed Dec 8 for the next mention of the case.

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