Two separate Kuala Lumpur sessions courts granted Liew Kok Leong total bail of RM400,000.KUALA LUMPUR: Former ARB Development Sdn Bhd director Liew Kok Leong was charged today with criminal breach of trust (CBT) involving RM5.5 million and money laundering involving RM403,000.
Liew, 53, pleaded not guilty to both charges, which were read before separate sessions court judges – Ilmami Ahmad and Suzana Hussin.
Before Ilmami, Liew claimed trial to a CBT charge involving the alleged misappropriation of RM5.5 million belonging to ARB Development, which was intended to finance the purchase of a 51% equity stake, comprising 255,000 ordinary shares, in C&M Renewable Energy Technology Sdn Bhd.
He is accused of transferring the funds to Messrs Ivan & Co for onward transfer to a bank account belonging to Er Yan Shuen, purportedly for the purchase of three office lots in Ipoh, Perak.
