A former senior manager pleaded not guilty to receiving over RM2.1 million in stolen property from an Indonesian company, facing charges under the Penal Code.

IPOH: A former senior manager of a multinational company pleaded not guilty to two charges of dishonestly receiving stolen property totalling over RM2.1 million.

NV Vemal, 36, was charged at the Magistrate’s Court here with receiving funds belonging to PT Steelindo Wahana Perkasa, a subsidiary of Kuala Lumpur Kepong Berhad.

The first charge alleges he received RM735,294.11 into his Maybank account on July 26, 2023.

He faces a second charge for receiving RM1,447,521.87 from the same company on August 15, 2023.

Both offences were allegedly committed at a Maybank branch on Jalan Sultan Idris Shah.

The charges are framed under Section 411 of the Penal Code, which carries a maximum penalty of five years imprisonment, a fine, or both.

Magistrate S. Punitha allowed Vemal bail of RM8,000 with one surety for both charges.

The court also ordered him to surrender his passport and set May 8 for case mention.

Deputy Public Prosecutor S. Nishaalini prosecuted, while lawyer Aashwini Rajan represented the accused.

Vemal had previously pleaded not guilty in the same court on January 23 to separate charges involving over RM1.4 million from an Indonesian company.

 The Sun Malaysia