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Posted by EngineeringProfit > 6 hours ago | Report Abuse
Misappropriation: The entrusted person dishonestly misuses or converts the property
Posted by EngineeringProfit > 6 hours ago | Report Abuse
Under Section 406 of the Penal Code, a person convicted of CBT faces imprisonment for a term of up to 10 years, a fine, or both. In cases involving public servants or agents (under Section 409), the penalty is harsher, with imprisonment of up to 20 years, along with a fine and possible whipping.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by EngineeringProfit > 6 hours ago | Report Abuse
In Malaysian law, Criminal Breach of Trust (CBT) is defined under Section 405 of the Penal Code (Act 574). CBT occurs when a person entrusted with property or control over property dishonestly misappropriates it or uses it for purposes other than what it was intended for. The individual must be in a position of trust (e.g., a trustee, agent, or employee) and deliberately breach that trust for personal gain or to harm the rightful owner.