Former CEO charged in court for illegal deposit taking

A former chief executive of Koperasi Usahawan Malaysia Berhad pleaded not guilty in the Sessions Court here to a charge of illegal deposit-taking amounting to RM27.062 million from non-cooperatives members two years ago.

Azimi Saruni, 45, was charged with committing the offence at No 9-2, Jalan 2/27F, Wisma Koperasi Celcom, Pusat Bandar Wangsa Maju, here, between April 18, 2008 and Sept 10, 2008. If convicted, he could be fined up to RM100,000.
Judge Azizah Mahamud allowed him a bail of RM10,000 in one surety and set Nov 3 for mention.

Azimi’s wife posted the bail.