Temple manager charged with illegal deposit-taking involving over RM70,000


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

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Nation

MetMalaysia: Severe weather expected nationwide until 4pm today
Flipped tanker lorry on NSE has been removed
Air Itam stabbings: Factory worker charged with murder
29 held in op against migrant smuggling in Kajang
Ipoh primary school kids to learn about doughnut economy model from this year
Photo Gallery: Daim over the years
Yayasan Sarawak school intake based on merit, state assembly told
Sulu claim to take action against Sabah is senseless, says Azalina
No elite Mara colleges yet but there are programmes for top performers, Dewan Rakyat told
Honour Daim for what he has done for the nation, says 'indescribably sad' Dr M

Others Also Read