S’pore businessman charged with CBT over late tycoon’s shares

The Kuala Lumpur sessions court set bail at RM400,000 with two sureties for businessman Poh Po Lian.KUALA LUMPUR: Singaporean businessman Poh Po Lian was charged at the sessions court here with criminal breach of trust after disposing of half a million shares belonging to a late tycoon.

Poh Po Lian.Poh however claimed trial to the charge framed under Section 406 of the Penal Code.

According to the charge sheet, Poh is accused of transferring 500,000 Victoria Island Club Berhad shares belonging to Ta Kin Yan to Jennifer Kok without the consent of Kin Yan’s six children, who were each entitled to a portion of the shares.

Poh was accused of committing the offence, along with Ta Jin Kiat (Kin Yan’s eldest son) at a penthouse in Solaris Dutamas on July 31, 2022.