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Last modified at 6/13/2018 11:41 AM by spfarm

Company Director Charged For The Disposal Of Substantial Portion Of Company’s Property Without Approval By Company In General Meeting


 Date Published: 7 February 2018

Tawau – Monday, 22 January 2018: Wilfred Lee Vui Ming (accused), company director of Darvel Bay Hybrid Aquaculture Sdn. Bhd. was charged at Tawau Sessions Court for the disposal of a substantial portion of company’s property without approval of the company in a general meeting which is an offence under section 132C(1)(b) Companies Act 1965 and is punishable with a 5 year jail term or fine of RM30,000 or both, if convicted.

The accused claimed trial before Sessions Court Judge Awang Kerisnada Awang Mahmud. The Court set bail at RM2,000 with one surety and fixed 28 February 2018 for mention.

SSM Prosecuting Officer Najia Abdul Razak prosecuted, while the accused was represented by Philip Lee Lip Min.

COMPANIES COMMISSION OF MALAYSIA​


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