Former Al Rajhi Banking & Investment Corporation (M) Bhd executive Saibulrijal Saad, 46, pleaded not guilty when the charges were read to him before judge Azrul Darus.

Owing to technical issues, Saibulrijal had been granted a discharge not amounting to an acquittal during a hearing on March 27, reported Berita Harian.

Saibulrijal is accused of knowingly using two fraudulent documents to withdraw gold from the bank in Bangsar on Jan 13, 2021.

He was also charged with falsifying a ‘letter of indemnity’ at the same place on Oct 15, 2019.

The charges are framed under Section 471 of the Penal Code and punishable under Section 465 of the same code, which carries a jail term of two years, a fine, or both if convicted.

Deputy public prosecutor Norfauzani Nordin urged the court to impose bail of RM15,000 for each charge, which was agreed upon by Saibulrijal’s lawyer, Shahrulazwad Ismail.

The court allowed the proposal before setting June 14 for the next hearing.

On March 27, Saibulrijal had pleaded not guilty before the same judge to 80 charges of cheating, forgery, misappropriation of property and criminal breach of trust.

Two weeks earlier, the Industrial Court had ruled that Al Rajhi had unfairly sacked one of its executives by wrongly blaming her for losses suffered in a gold deal perpetrated by her superior.

Court chairman Zulbahrin Zainuddin ruled that the dismissal of Siti Farhana Adnan violated the Industrial Relations Act 1967 as it was without just cause or excuse.

He ordered the bank to pay Siti Farhana a total of RM105,670 in back wages and salary in lieu of reinstatement for wrongful dismissal.