Prominent Islamic finance figure Tan Sri Dr Mohd Daud Bakar and a fellow company director were charged in the Sessions Court on May 11 with seven counts of criminal breach of trust (CBT) involving RM10.55 million linked to a shariah-compliant glove manufacturing business.
Mohd Daud, the former chairman of Bank Negara Malaysia’s Shariah Advisory Council, and Datuk Norliza Tajudin pleaded not guilty before Judge Suzana Hussin after the charges were read out.
The duo, as directors and shareholders of Energy Eco Sdn Bhd, were accused of dishonestly misusing funds belonging to several individuals and entities, including Moideen Kunjayu, Koperasi Perumahan Sentul Pasar Kuala Lumpur Bhd, Datuk Dr Mashitah Ibrahim and Myad Kapital Sdn Bhd.
The prosecution alleged that the money was used in breach of the terms stipulated under several Shareholder’s Advance Agreements signed between June 22, 2021, and May 12, 2024.
The alleged offences were committed at two banks in Taman Setiawangsa and Bangsar between June 22, 2021, and May 15, 2024.
The charges were framed under Section 409 of the Penal Code read together with Section 34 of the same code, which carries a jail term of between two and 20 years, whipping, and a fine upon conviction.
