KUALA LUMPUR: London Biscuits Bhd's former executive director and group CEO Datuk Seri Liew Yew Chung claimed trial at two Sessions Courts here to 11 charges of causing wrongful loss amounting to more than RM7mil.
Liew, 56, who at the time was a director of a listed corporation, Khee San Bhd, was charged with intentionally causing wrongful loss to Khee San Food Industries Sdn Bhd by cancelling 25 debt agreements between the company and 11 individuals, totalling RM7,119,465.
He was accused of allegedly committing the offences at Khee San Food Industries, Jalan Kolej, Seri Kembangan, near here, in 2019.
Liew was charged under Subsection 317A(1) of the Capital Markets and Services Act 2007 (Act 671), which carries a maximum sentence of 10 years’ imprisonment and a fine of up to RM10mil, or both, upon conviction.
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