P Kuhan Arunasalam, 39, was accused of requesting the sum as an inducement to ensure the Securities Commission Malaysia would refrain from taking legal action against trust and wealth management company UBB Amanah Bhd, Bernama reported.

The offence was allegedly committed at a restaurant on Jalan Bangkung in Bangsar on July 2, 2024.

Kuhan was charged under Section 16(a)(A) of the Malaysian Anti-Corruption Commission Act 2009, which provides for up to 20 years’ imprisonment and a fine no less than five times the value of the bribe or RM10,000, whichever is higher, upon conviction.

Deputy public prosecutor Selvam T Armugom proposed bail of RM20,000 with one surety, along with additional conditions requiring Kuhan to surrender his passport, report monthly to MACC, and refrain from intimidating prosecution witnesses pending the case’s disposal.

Kuhan’s counsel, Wan Shahrizal Wan Ladin, did not object and informed the court that his client was prepared to accept any additional conditions imposed.

Sessions court judge Suzana Hussin granted bail of RM20,000 with one surety, imposed the prosecution’s additional conditions, and fixed case mention for Nov 6.