Ex-director charged again with misappropriating money

KUALA LUMPUR: A former director of a gold investment company who was charged with accepting illegal deposits and misappropriating money on Friday, was charged again in three Ampang Courts here today with 11 counts of committing similar offences, involving over RM1.1 million.
As in previous cases, Datuk Yap Yee Hoo, 62, pleaded not guilty to the charges before Magistrate Haslinda A. Raof, Magistrate Mohamad Firdaus Sadina Ali and Judge Azrul Darus.
Before Haslinda, Yap was charged with three counts of dishonest misappropriation of property belonging to one Tan Kim Seng, 62, amounting RM158,000, for the payment of gold investment under the Royal Gold Sdn Bhd.
He was accused of committing the offence at Pandan Indah CIMB Bank, Jalan Pandan Indah, here between June 13 and Sept 2, 2014 under Section 403 of the Penal Code which carries a maximum jail term of five years and whipping and fine, upon conviction.
Haslinda allowed him bail of RM15,000 for all charges and set April 5 for mention.
Before Mohamad Firdaus, the man was also charged with six counts of misappropriating RM179,200 belonging to Tan and RM216,000 belonging to Siow Geok Meng, 55, at Pandan Indah CIMB Bank and Public Bank Pandan Indah, here between Jan 15 and Oct 9, 2014.
Mohamad Firdaus allowed bail of RM30,000 for all charges and set the same date for mention.
Before Azrul, Yap was charged with two counts of receiving deposits from the same two victims totalling RM553,200 at the same place between April 30 and Oct 9, 2014.
The charge, under Section 137 (1) and punishable under Section 137 (2) of the same act provides for a jail term of up to 10 years or a maximum fine of RM50 million or both, upon conviction.
Azrul allowed bail of RM38,000 for both charges and set the same date for mention.
Deputy public prosecutors Raihanah Abdul Razak and M. Arunjothy prosecuted while Yap was represented by lawyer T. L. Chen.
On Feb 23, Yap pleaded not guilty in the Petaling Jaya Court to accepting illegal deposits amounting to more than RM500,000 and misappropriating money amounting to RM666,700. — Bernama