No matter how far you run, the law will eventually catch up with you.
A Johor Baru businessman learned this lesson the hard way; he claimed trial to 19 counts of committing fraud involving RM35mil of companies’ assets at the Sessions Court on Monday.
43-year-old Lim Kwee Gee, a director of a textile manufacturing company, pleaded not guilty to the charges of concealing assets and transferring the ownership of properties ammounting up to RM35mil to avoid paying debt, according to a report by the New Straits Times.
If convicted, Lim faces a maximum of five years in jail, with a fine for each of the offence charged under Section 421 and Section 422 of the Penal Code.
According to the daily, deputy public prosecutor M. Anas Mahadzir proposed a RM400,000 bail and asked for Lim’s passport to be surrendered to the court.
Lim’s defence counsel, Kitson Foong, did not object to the bail amount, the NST reported, but requested for the court to allow his client to use his passport as he has business interests in China and Singapore.
Judge Kamarudin allowed bail at RM400,000 with two sureties and ordered Lim to surrender his passport to the court.
It was reported that Lim, however, was allowed to use his passport with the condition that he must inform the court of his travel plans beforehand.
Trial was reportedly set for November 28.
