Which banks are listed as creditors in the case?

Question

Accepted Answer

RHB Bank and OCBC Bank Berhad are listed as creditors in the case.

A businessman pleaded not guilty to 19 counts of fraudulent disposition of property valued at RM35 million, allegedly to avoid settling his debts. The charges involve the transfer of assets belonging to Megafest Sdn Bhd to prevent their distribution to eight creditors, including RHB Bank and OCBC Bank Berhad. The offences are alleged to have occurred at the Johor Baru Land and Mines Office between July 2011 and February 2011.
Seven Charges for Property Transfer

Seven of the charges specify that the businessman transferred property owned by Megafest Sdn Bhd to himself, his company, and another individual. This action was allegedly undertaken to prevent the assets from being distributed to his eight creditors. RHB Bank and OCBC Bank Berhad are explicitly named among these creditors.
Twelve Charges for Dishonest Prevention of Asset Availability

The remaining twelve charges relate to the dishonest prevention of property belonging to Megafest Sdn Bhd and another entity from being made available to creditors. This was allegedly achieved through the transfer of these properties into his own name, his company's name, and another person's name.
Legal Framework and Bail Conditions

The businessman faces charges under Section 421 and 422 of the Penal Code, which carry a potential punishment of up to five years imprisonment and a fine upon conviction. The Sessions Court judge set bail at RM400,000, to be paid in two sureties. He was also ordered to surrender his passport and report monthly to the Sri Gading police station in Batu Pahat. The hearing for the case has been scheduled from November 28 to December 1.

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Which banks are listed as creditors in the case?

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