Investment firm CEO charged with cheating involving RM100,000

  • 📰 staronline
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 75%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

BUTTERWORTH: A chief executive officer of an investment company claimed trial at the Sessions Court here Tuesday (Aug 2) to three counts of cheating involving RM100,000 in 2020.

Abdul Wahab S. Mohd Mydin, 53, pleaded not guilty to all the charges separately before judges Noor Aini Yusof and Norhayati Mohamad Yunus.

In Noor Aini’s court, Abdul Wahab was accused of duping Ng Beng Huat and Chan Ooi Cheng into depositing RM30,000 and RM50,000 respectively into a bank account belonging to Green Age Solar Technology Sdn Bhd in return for a hibah profit at the Perai Industrial area in Seberang Perai Tengah between April 19 and 21, 2020.

The charges, framed under Section 420 of the Penal Code, provides a maximum jail term of 10 years, whipping and a fine if convicted. Pleading for lower bail, lawyer Aznil Majid said his client is suffering from heart disease and back problems.Noor Aini allowed bail of RM10,000 with one surety for each charge.

In Norhayati’s court, Abdul Wahab also pleaded not guilty to a charge of duping Lee Chor Jin into depositing RM20,000 into the same account for the same purposes at the same location between April 22 and 23 that year, also framed under Section 420 of the Penal Code.Both judges set Sept 2 for mention. – 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 UK
 

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

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines