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Man charged with conducting illegal money lending business

Last update: 12/10/2018
 
PETALING JAYA, Oct 12 (Bernama) -- A furniture trader pleaded not guilty in the Sessions Court here today to a charge of conducting a money lending business without a licence, last year.

Siew Lam Cheng, 52, made the plead before judge Hilmiah Yusof.

He was alleged to have committed the offence at Billion Factor Sdn Bhd, Jalan TPP 5/14, Taman Perindustrian  Puchong here at 2pm on Nov 30 last year.

The charge under Section 5 (2) of the Moneylenders Act 1951 carries a maximum fine of RM1 million or imprisonment of up to five years or both, upon conviction.

The court allowed Siew bail of RM12,000 in one surety and fixed Nov 12 for mention.

Deputy public prosecutor Shafiq Hasim prosecuted while the accused was represented by lawyer  Yusri Yusoff.

-- BERNAMA


 

 
 

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