KUALA LUMPUR: A temple manager has pleaded not guilty in the Sessions Court here to a charge of receiving more than RM70,000 in deposit for investment without a licence.
Sum Lai Yoong, 53, was charged on Friday (Oct 11) with receiving RM70,589.79 from a 44-year-old woman, in violation of Section 10 of the Financial Services Act.
The offence was allegedly committed at a shopping centre in Taman Mutiara Barat, Cheras here between Jan 12 and March 6 this year.
She was charged under Section 137(1) of the Financial Services Act, which provides a maximum prison sentence of 10 years, or a fine not exceeding RM50mil, or both, if convicted.
Judge Azrul Darus allowed Sum, represented by lawyer Luqman Zainal, bail of RM20,000 with one surety and fixed Nov 13 for mention.
The prosecution was conducted by Deputy Public Prosecutor R. Harvind. – Bernama
