Company Owner Pleads Not Guilty To Submitting False Statement To SSM

An F and B company owner pleaded not guilty in the Sessions Court here today to a charge of submitting a false statement to the Companies Commission of Malaysia (SSM) five years ago.

The accused, P. Narendran, 47, entered the plea after the charge was read before Judge Irwan Suainbon.

He is accused of knowingly submitting a false statement regarding the resignation of his wife, V. Revathi, as a director of NR Sweets Restaurant N Café Sdn Bhd. The offence allegedly occurred on April 19, 2019, at Menara SSM@Sentral, Kuala Lumpur.

He was charged under Section 591(2)(a) of the Companies Act 2016, which carries a maximum penalty of 10 years imprisonment or a fine of up to RM3 million, or both upon conviction.

SSM prosecutor Mohd Iqbal Mohd Yusoff proposed bail at RM30,000, but Narendran’s lawyer, Dr. N. Ahilan, requested a lower amount, citing that his client has to support his wife and two children.

The court granted bail at RM10,000 with one surety and set Oct 28 for the next case mention.

Source: BERNA
MA News Agency

  • malaysiang

    Related Posts

    BSP to reduce banks’ reserve requirement ratio

    Manila: The Bangko Sentral ng Pilipinas (BSP) will reduce the reserve requirement ratios (RRRs) of banks as part of its efforts to reduce distortions in the financial system.

    In a statement on Friday, the BSP said the RRR of universal and commercial …

    NPA member facing murder case nabbed in Masbate

    A New People’s Army (NPA) rebel wanted for attempted murder was arrested in Masbate province on Thursday, the Police Regional Office-Bicol (PRO-5) reported on Friday.

    Lt. Col. Malu Calubaquib, PRO-5 spokesperson, said “Nathan,” a member of the Speci…