Bernama reported that Irfan Hadi Jazman Shahar, 28, a director at Kenaf Trading Global Sdn Bhd, Kenaf Venture Global Sdn Bhd and Ar Rizq Capital Bhd, pleaded not guilty to all the charges before judge Zaki Salleh.
For the first two charges, he is accused as a director of Kenaf Trading Global of using his position to approve payments of RM5 million to Ar Rizq Capital for his own benefit, and RM150,000 to a law firm for the purchase of a property in Rimba Valley, Kota Damansara, in his mother Mariam Zakaria’s name, all without the approval of the company’s general meeting.
For the third charge, he is accused of using his position at Kenaf Venture Global to approve the payment of RM10,400 to another law firm for his mother’s civil suit case, with all transactions being carried out without the approval of the company’s general meeting.
Irfan is also charged with six counts of using his position at Kenaf Venture Global to pay for his mother’s flight tickets, totalling RM83,718.
The charges above were framed under Section 218(1)(c) of the Companies Act 2016 for improper use of property or positions, which provides imprisonment for up to five years, a maximum fine of RM3 million or both upon conviction.
For the remaining four charges, Irfan was charged as a director of Ar Rizq Capital with failing to carry out his responsibilities by approving payments totalling RM195,000 for the purchase of properties and rental of residential properties for family use.
He is charged under Section 213(3) of the same law and faces imprisonment for up to five years, a fine of up to RM3 million or both upon conviction.
All the offences were allegedly committed at Plaza Sentral, Kuala Lumpur Sentral, between March 8, 2022 and Dec 26, 2023.
The court allowed him bail of RM35,000 with one surety for all charges and set May 29 for mention.
The prosecution was led by prosecuting officers Zulkhairi Kamaruzaman and Nurul Ain Shafie from the Companies Commission of Malaysia, while the accused was represented by lawyer Nurul Aeir S Harvian Kamar.
Last month, Irfan and his father, Jazman Shahar Abdollah, were charged with issuing advertisements for an unregistered kenaf investment scheme between 2021 and 2023.
He and his parents also face 12 counts of money laundering involving more than RM150 million.