Company Director Charged With Dishonest Removal Of Money Into His Account

KUALA LUMPUR, Aug 6 (Bernama) -- A software company owner was fined RM6,000 by the Sessions Court here today for dishonestly removing RM50,000 belonging to a retired insurance agent into his company's bank account last year.

Judge Azrul Darus meted out the fine on Muhammad Farid Mohamad Mohyar, 27, after he changed his plea to guilty today, which was set for the first day of trial of the case. He paid the fine.

Muhammad Farid was charged with removing the money belonging to Wong Wai Chan, 66, into the bank account of his company, Inspira Marketing Sdn Bhd, at Jalan Sri Hartamas 2, Taman Sri Hartamas, here on July 5, 2024.

The charge, under Section 424 of the Penal Code for dishonest or fraudulent removal of property, provides a jail term of up to five years or a fine or both, if convicted.

During mitigation, lawyer Sr. Muniandy, representing Muhammad Farid, told the court that his client was remorseful and repentant, and had no previous record of wrongdoing.

"In this case, my client had accepted a part-time job offer advertised on Facebook and was then asked to register a company and a bank account for commission payment.

"The accused admitted that he was negligent and had provided his account details to the job offeror, and that the transactions in the account were carried out while his account was held by a third party. The matter was not within the knowledge of the accused," said the lawyer.

The prosecution was conducted by Deputy Public Prosecutor M. Saravanan.

-- BERNAMA