SSM documents submitted in RM10.55 million breach of trust case

A Malaysian court heard that documents from the Companies Commission of Malaysia (SSM) have been submitted as part of the defense in a high-profile breach of trust case involving approximately RM10.55 million. The case centers on Tan Sri Dr. Mohd. Daud Bakar, former chairman of the Sharia Advisory Council of Bank Negara Malaysia, and his business partner, Datuk Norliza Tajuddin.

During a session at the Sessions Court in Kuala Lumpur, Deputy Public Prosecutor Noor Syazwani Mohamad Sobry informed the court that the prosecution still requires another date for the further submission of documents. "The remaining documents will be submitted in the upcoming proceedings, so I request the court to set another date for case mention," she stated.

Mohd. Daud, 62, is represented by lawyer Datuk Ahmad Zaidi Zainal, while Norliza Tajuddin, 54, is represented by Gupinder Singh and Datuk Jaya Prem. Judge Suzana Hussin has scheduled August 19 for the next mention of the case, specifically for the submission of documents.

Both Mohd. Daud and Norliza pleaded not guilty on May 11 to seven charges of criminal breach of trust related to RM10.55 million. The alleged offenses occurred five years ago. According to the charges, the duo, acting as agents and directors of Energy Eco Sdn. Bhd., were entrusted with the assets of four investors. They are accused of dishonestly misappropriating these funds, which included amounts from Moideen Kunjayu, Koperasi Perumahan Sentul Pasar Kuala Lumpur Berhad, Datuk Dr. Mashitah Ibrahim, and Myad Kapital Sdn. Bhd. The prosecution alleges the funds were used in violation of agreements pertaining to a sharia-compliant glove manufacturing business. The alleged offenses took place at two banks in Taman Setiawangsa and Bangsar between June 22, 2021, and May 15, 2024. The charges fall under Section 409 of the Penal Code, read with Section 34, which carries a penalty of imprisonment ranging from two to 20 years, along with whipping and a fine.

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The remaining documents will be submitted in the upcoming proceedings, so I request the court to set another date for case mention.