Lee Hyen Sip @ Simon, 52, pleaded not guilty to all the charges before judge Nabisha Ibrahim, Bernama reported.

Lee is accused of committing the offences between November 2020 and September 2024 as a director of Pasti Tunai Jaya Sdn Bhd entrusted with control of the company’s funds.

He is alleged to have transferred more than RM550,000 from the company’s account through company cheques into various bank accounts, including his own.

The offences were allegedly committed at Maybank’s Kamunting branch on Nov 12, 2020; March 7 and Aug 26, 2022; Sept 27, 2023; and Sept 24, 2024.

All five charges are framed under Section 409 of the Penal Code, which provides for imprisonment of two to 20 years, whipping and a possible fine, upon conviction.

For each original charge, Lee also faces alternative charges under Section 403 of the Penal Code for dishonest misappropriation of funds totalling over RM550,000 on the same dates and locations.

Section 403 provides for imprisonment of between six months and five years, whipping and a mandatory fine, upon conviction.

Deputy public prosecutor Fahmi Kamaluddin proposed bail of RM10,000 for each charge in one surety, which defence counsel Rodzim Zaimy Abdul Hamid and Jeyakumar Palakrishnar did not object to.

Lawyer Privesh Paul Singh appeared as the complainant’s observer.

The judge set bail at RM10,000 for each charge in one surety and fixed Feb 17 for case mention and document submission.

On Jan 21, the media reported that a man with the “Datuk” title was remanded last year at the Taiping magistrates’ court for alleged CBT.