KUALA LUMPUR: Two brothers were fined a total of RM120,000 or two years' jail in lieu by the Sessions Court for running a money-changing business without a licence from Bank Negara.
Sessions judge Rosenani Abd Rahman, who found Mohamed Furwez Adam Shah, 28, and Mohamed Redzuan, 29, guilty, refused to stay the sentence yesterday pending their appeal to the High Court.
However, he allowed the two men to pay the fines in three monthly instalments from next Monday.
Both were found guilty of operating the business illegally at Permanent Revenue Sdn Bhd in Jalan Bukit Bintang between Sept 10, 1998 and Sept 29, 1999. They were each fined RM40,000 in default one year's jail.
They were also convicted separately on a second charge of using the words “bureau de change'' at their business premises. They were fined a further RM20,000 in default one year's jail for this offence.
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