Elderly man charged with cheating businessman of RM500,000 in investment repayment


KUALA LUMPUR: A senior citizen claimed trial at the Sessions Court here to a charge of cheating his friend over repayment for a health food business investment totalling RM500,000, 16 years ago.

Ch’ng Kee Guan, 74, was accused of cheating businessman Chang Seng Kooi, 53, by deceiving him in the repayment for business capital by using a cheque with the status 'account closed' worth RM500,000 at Wisma Zelan, Cheras here on March 2, 2008.

Ch'ng was charged under Section 420 of the Penal Code which carries a minimum one-year imprisonment and a maximum 10-year imprisonment with whipping and liable for a fine, upon conviction.

Deputy public prosecutor Raihanah Abd Razak offered bail at RM100,000 in one surety.

Lawyer Manjit Singh, who represented the accused, however, sought a lower amount on the grounds that his client was jobless.

He said Ch'ng has health issues ranging from diabetes, heart problems and blurry eyesight since he fell from the stairs two weeks ago.

Sessions Court judge Hamidah Mohamed Deril fixed bail at RM10,000 in one surety.

The case is fixed for mention on Nov 27.

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