Fong Chan Tong, 51, who served in IBR Asia Group, is alleged to have committed criminal breach of trust of company funds amounting to RM601,883 by making 78 transfers into his bank account for personal use.

He was accused of committing the offences at IBR Asia Group in Jalan Damansara, Taman Tun Dr Ismail, between April 29, 2022, and May 28 this year.

He was charged under Section 408 of the Penal Code, which carries a maximum penalty of 14 years’ imprisonment, caning and a fine upon conviction.

Fong also pleaded not guilty to three alternative charges of misusing the same company’s funds, knowing they were not his own, at the same location and dates.

The three charges were framed under Section 403 of the Penal Code for criminal misappropriation of property, which is punishable with up to five years’ imprisonment, caning and a fine upon conviction.

Deputy public prosecutor Raihanah Abd Razak proposed bail of RM30,000 with one surety.

However, Fong’s lawyer Farhan Read appealed for a lower sum, saying that his client was unemployed and had to support his wife and two schoolgoing children.

Judge Hamidah Deril allowed bail at RM18,000 with one surety and fixed July 23 for case mention.