Search results
Jan 9, 2021 · The distinctions between a civil breach of trust and a criminal breach of trust lie in the elements that are required to be proven. Under civil law, a breach of trust occurs when a person breaches their duty which is imposed by a trust instrument (e.g. a will), by statute, or by common law.
Criminal breach of trust. 405. Whoever, being in any manner entrusted with property, or with any dominion over property either solely or jointly with any other person dishonestly misappropriates, or converts to his own...
DS Najib was charged with three counts of criminal breach of trust (“CBT”) as a public servant and agent of the government (namely the prime minister, finance minister, and SRC adviser emeritus) for misappropriating RM42 million in 2014 and 2015.
Mar 7, 2024 · Examples of Criminal Breach of Trust. Criminal Breach of Trust can manifest in various scenarios, such as: Employee theft: When an employee misuses company funds or embezzles money entrusted to them for personal gain. Financial advisor misconduct: When a financial advisor misappropriates client funds or engages in unauthorized transactions.
Oct 26, 2023 · Examples of a criminal breach of trust encompass a variety of scenarios where trust is exploited for personal gain. Corporate: In the corporate world, this could involve a company director redirecting funds intended for business operations to satisfy individual needs or desires.
Punishment of criminal breach of trust. 406. Whoever commits criminal breach of trust shall be punished with imprisonment for a term *not exceeding ten years and with whipping, and shall also be liable to fine.
Examples of CBT. A typical scenario of criminal breach of trust is where an employee in management of the company accounts takes some of the company’s money for his or her own use. In 2000, Teo Cheng Kiat, a 47-year-old former employee of Singapore Airlines Ltd, was found guilty of 10 charges of CBT, siphoning a total of $35 million.
