KUALA PILAH: A 52-year-old-man has been charged at the Sessions Court here with conducting a moneylending business without a valid licence.
Hoe Kian Lim from Bahau near here pleaded not guilty after the charge was read to him before judge Norma Ismail on Monday (April 3).
He allegedly committed the offence between Sept 16, 2020, and April 18, 2021, at a premises on Jalan Hospital in Ladang Geddes in Jempol where he provided a loan of RM474,000 to a 66-year-old individual.
Hoe was charged under Section 5(2) of the Moneylenders Act 1951 which carries a fine of between RM250,000 and RM1mil or a jail term of up to five years, or both, upon conviction.
Judge Norma then allowed the accused to be released on RM30,000 bail and fixed May 3 for next mention.
Deputy public prosecutor Muhammad Amirul Noor Hashimi prosecuted while the accused was unrepresented.