KUALA LUMPUR: A business consultant pleaded not guilty in the Sessions Court here on Thursday (Jan 4) to a charge of cheating a man of RM3.3mil to obtain an investment licence two years ago.
Johnathan Wong Futt Po, 40, was charged with cheating the 45-year-old man by claiming that he could obtain an investment licence when he could not.
The claim prompted the victim to make a money transfer amounting to US$789,014 (RM3,316,431.40), which was deposited into the accused's crypto e-wallet.
The offence was allegedly committed in the Strata Office Tower, KL Eco City, Jalan Bangsar here, and the charge was framed under Section 420 of the Penal Code, which provides a maximum imprisonment of 10 years, whipping and a fine upon conviction.
Deputy public prosecutor Akmalzatul Mohamed Nawi proposed bail of RM100,000 in one surety while lawyer Siti Anis Che Ab Wahab, representing the accused, appealed for a lower bail of RM50,000.
Judge Azrul Darus allowed bail of RM80,000 in one surety and fixed Feb 5 for mention. – Bernama
