Business · Malaysia Bureau
Nilai university CFO faces CBT charges over RM6.56m IRB payments
A chief financial officer at a private university in Nilai has pleaded not guilty to criminal breach of trust allegations involving over RM6.56 million in tax duty payments. The accused appeared before the Sessions Court in Seremban on Monday.
LSN Malaysia ·
The CFO was charged with committing criminal breach of trust in connection with funds related to Inland Revenue Board (IRB) duty payments. The accused, who manages financial operations at the institution, faces allegations that misappropriated university funds amounting to RM6.56 million were diverted from their intended purpose.
The Sessions Court in Seremban heard the case on Monday as the accused entered a not guilty plea. The charge carries significant legal implications, as criminal breach of trust offences involving substantial sums typically result in substantial penalties upon conviction.
Details regarding the circumstances of the alleged misappropriation, including the timeline and methods involved, remain under investigation by authorities. The case has been scheduled for further proceedings as the judicial process continues.
The allegations have raised concerns about financial oversight and accountability practices within the private education sector. Authorities have not disclosed whether additional charges may be forthcoming or if other individuals connected to the matter are under investigation.