KUALA LUMPUR: A businessman pleaded not guilty in the Sessions Court here Thursday to cheating a man of RM2.45mil in a non-existent cryptocurrency investment last year.
Johnathan Wong Futt Po, 39, was charged with cheating Adrian Sim Kwang Kai to make investments in Ris Firearm Sdn Bhd and Colindale International Sdn Bhd, thus prompting Sim to make a payment amounting to RM2.45mil which was put into a crypto wallet account belonging to the accused. The offence was allegedly committed at Menara Prestige, Jalan Pinang here between May 23 and Aug 3, 2022.
The charge, framed under Section 417 of the Penal Code, carries a maximum sentence of five years imprisonment or a fine or both, upon conviction.
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