News Formal

Former clerk charged with conducting illegal moneylending business

  • 📰 staronline
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 75%

Business News News

Business Business Latest News,Business Business Headlines

KUALA LUMPUR: A former clerk pleaded not guilty in the Sessions Court here on Friday (Dec 30) to a charge of conducting moneylending business without a licence.

Yap Chee Siang, 25, was charged with committing the offence since April last year, during which he was alleged to have provided a loan of RM158,120 to one Wong Chiew Ken, 34, in Bandar Baru Sentul here between April 1, 2021 until last Sept 19.

The charge, framed under Section 5 of the Moneylenders Act 1951, provides a maximum fine of RM1mil or imprisonment for up to five years or both, if found guilty. Judge M Bakri Abd Majid allowed Yap bail of RM30,000 with one surety and also ordered him to surrender his passport to the court.Deputy public prosecutor Hanis Anisha Jamilludin prosecuted, while Yap was represented by lawyer Abdul Rahman Zainal Abidin. – Bernama

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Former clerk charged with conducting money lending business without licenceYap Chee Siang, 25, was charged with committing the offence since April last year, during he allegedly provided a loan of RM158,120 to Wong Chiew Ken, 34 theSun theSundaily Crime moneylending illegal licensing business Malaysia
Source: theSundaily - 🏆 25. / 51 Read more »