Ex-financial adviser charged with RM1.2 million CBT

Ex-financial adviser charged with RM1.2 million CBT

Zainab Illyana Lokman pleaded not guilty to committing criminal breach of trust two years ago.

KUALA LUMPUR:
A former financial adviser to a bank was today charged in the Sessions Court here with committing criminal breach of trust (CBT) involving over RM1.2 million.

Zainab Illyana Lokman, 31, pleaded not guilty after the charge was read before Judge Hakim Hasbullah Adam.

According to the charge, Zainab as a financial adviser, was entrusted with RM1,223,000 belonging to a client. She allegedly committed the crime at HSBC Amanah Malaysia Berhad, Jalan Telawi, Bangsar, between August 2016 and October 2016.

Zainab was accused of committing the offence under Section 408 of the Penal Code which provides for a maximum jail term of 14 years, whipping and a fine upon conviction.

Deputy public prosecutor Norashikin Ibrahim proposed bail at RM50,000 in one surety while counsel Lily Chua, who is representing Zainab, sought a lower amount as the accused was now working as a sales staff and needed to support her grandmother and siblings.

The court allowed bail at RM40,000 in one surety and set June 28 for mention.

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