He was accused of misappropriating company funds by transferring the sum to an escrow account held under Golden Base Construction Sdn Bhd.

The offence was alleged to have taken place between Jan 12 and June 13, 2018 at a bank in Seri Kembangan.

If found guilty, Abu Sahid faces a jail sentence of between two and 20 years, and a fine.

Judge Nasir Nordin also transferred the case to the Kuala Lumpur sessions court after deputy public prosecutor Ahmad Akram Gharib informed the court that Abu Sahid was facing four other CBT charges and 13 money laundering charges there.

The case is fixed for mention on Nov 3.

Lawyers Hisyam Teh, Kee Wei Lon and Low Wei Loke appeared for Abu Sahid.

Former Maju Holdings director Yap Wee Leong was also charged in the same court.

Yap pleaded not guilty to nine charges of submitting false claims amounting to RM220.7 million as well as nine money laundering charges involving RM388.3 million.

He was accused of laundering the funds by transferring them to various companies.

The offences were alleged to have taken place between Nov 9, 2017 and June 26, 2018 at a bank here.

The false claims involved the construction of road works undertaken by Golden Base Construction. The prosecution alleges that the works were never carried out.

The court also granted the prosecution’s application for Yap’s cases to be transferred to Kuala Lumpur sessions court.

Yap was represented by lawyer Abdul Hakeem Aiman Affandi.