Financial consultant charged with misappropriation of RM691,000

KUALA LUMPUR: A financial consultant pleaded not guilty in the Selayang Magistrate’s Court here yesterday to two counts of misappropriation of property, involving RM691,000, belonging to investors.

On the first count, Ahmad Amiruddin Mohamed, 46, was charged with dishonestly misappropriating RM210,000, which was deposited in stages into a Maybank account belonging to his company, AAM Global Corporation Sdn Bhd, for commodity trading activities.

The man, a former secondary school teacher, was alleged to have committed the offence at the Universiti Islam Antarabangsa ( UIA) branch of the Bank Islam in Gombak between March 3, 2015 and April 3, 2015.

He was also charged with misappropriating another RM481,000 for hotel leasing activity at Kondominium Laksamana Puri, Batu Caves, between June 29, 2015 and July 19, 2016.

The charges were made under Section 403 of the Penal Code which provides an imprisonment for up to five years and whipping, as is liable to fine, if found guilty.

Prosecuting officer Inspector Muhammad Faiz Abu Samah, who prosecuted, offered bail of RM10,000 on each count.

However, lawyer Mohamad Saiful Dzulhelmi, representing Ahmad Amiruddin, said his client only earned RM5,000 a month and has a family to support.

“The accused has eight schooling children and his wife is not working. He is also undergoing treatment for thyroid and this is his first offence,” he added.

Magistrate Nurul Izzah Hasan Basri set bail at RM20,000 on both charges in one surety and also ordered Ahmad Amiruddin to surrender his passport to the court.

The court set April 6 for mention. — Bernama