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03 August 2012| last updated at 06:47PM

Timber tycoon in RM11m CBT charge

By S. Ista Kyra

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IPOH: A prominent timber industry tycoon, who is a major stakeholder in one of the country's leading sawmill, was charged at the Sessions Court yesterday with criminal breach of trust (CBT) of RM11 million three years ago.

 

Perak Industrial Corporation (PIC) Sdn Bhd director Tan Boon Huat, 59, was alleged to have committed the offence involving RM11,110,678.20 at his company's premises at lot 5608, Jalan Ipoh, Sungai Siput, between Sept 28, 2009, and Dec 22, 2009.
 
His son Tan Kang Wei, 33, who is another PIC director and stakeholder, was charged with abetting the offence. 
 
The father and son claimed trial.
 
Deputy Public Prosecutor Syed Faisal Syed Amir who applied for bail to be set at RM1 million with one surety for each accused said the case was considered serious due to the large amount of funds involved.
 
Counsel for both the accused Datuk Jerald Gomez however pointed out that in the recent case of former president and group chief executive of Sime Darby Datuk Seri Ahmad Zubir Murshid, who was charged with CBT involving RM100 million, the Kuala Lumpur Sessions court had set bail at RM200,000. 
 
He requested for bail to be set between RM25,000 and RM50,000 . 
 
Gomez also asked the court to consider the fact that the complainant in the case was Boon Huat's younger brother, who was engaged with the accused in existing civil proceedings at the Ipoh High Court.
 
He also complained that his clients were not given access to counsel when they were arrested.
 
Judge Madihah Harullah set RM800,000 bail with one surety for each accused and fixed Sept 27 for mention. 
 
Both accused posted bail.

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