Latest news with #RM314
New Straits Times
a day ago
- New Straits Times
Man jailed for concealing over RM480,000 in Facebook investment scam proceeds
KUALA LUMPUR: A man was sentenced to one year imprisonment by the Sessions Court today after pleading guilty to transferring and concealing RM487,790 belonging to two women in connection with a fraudulent investment scheme advertised on Facebook last year. Judge Azrul Darus sentenced Marchell Jeff Lee Sin Ket, 39, to one year in prison for assisting in concealing RM314,790 belonging to Ong Boon Ian, 59, an investment company owner, in his bank account at a condominium unit in Bandar Menjalara, Sentul, between Nov 18 and Dec 12 last year. Separately, before Judge Hamidah Mohamed Deril, he was sentenced to eight months imprisonment for concealing RM173,000 belonging to Chin Lit Teng, 49, a health products company account executive, in his bank account at a condominium unit off Jalan Kuching, Taman Sri Kuching, Sentul, between Nov 7 and Dec 9 last year. He was charged under Section 424 of the Penal Code, which carries a maximum sentence of five years imprisonment, a fine, or both upon conviction. Both sentences are to run concurrently from yesterday. According to the statement of facts, the victim had come across a stock investment advertisement while browsing Facebook and proceeded to register for the purported investment scheme. Subsequently, the victim transferred funds in stages into a bank account under the name Marchell Jeff Interior Design Haus Sdn Bhd. The scheme was later discovered to be fraudulent when the promised returns failed to materialise.
Daily Express
2 days ago
- Business
- Daily Express
Man jailed for concealing over RM480,000 in Facebook investment scam proceeds
Man jailed for concealing over RM480,000 in Facebook investment scam proceeds KUALA LUMPUR: A man was sentenced to one year imprisonment by the Sessions Court today after pleading guilty to transferring and concealing RM487,790 belonging to two women in connection with a fraudulent investment scheme advertised on Facebook last year. Judge Azrul Darus sentenced Marchell Jeff Lee Sin Ket, 39, to one year in prison for assisting in concealing RM314,790 belonging to Ong Boon Ian, 59, an investment company owner, in his bank account at a condominium unit in Bandar Menjalara, Sentul, between Nov 18 and Dec 12 last year. Advertisement Separately, before Judge Hamidah Mohamed Deril, he was sentenced to eight months imprisonment for concealing RM173,000 belonging to Chin Lit Teng, 49, a health products company account executive, in his bank account at a condominium unit off Jalan Kuching, Taman Sri Kuching, Sentul, between Nov 7 and Dec 9 last year. He was charged under Section 424 of the Penal Code, which carries a maximum sentence of five years imprisonment, a fine, or both upon conviction. Both sentences are to run concurrently from today. SPONSORED CONTENT According to the statement of facts, the victim had come across a stock investment advertisement while browsing Facebook and proceeded to register for the purported investment scheme. Subsequently, the victim transferred funds in stages into a bank account under the name Marchell Jeff Interior Design Haus Sdn Bhd. The scheme was later discovered to be fraudulent when the promised returns failed to materialise. Advertisement Deputy public prosecutors M Saravanan and Raihanah Abd Razak appeared for the prosecution, while Lee was unrepresented.
The Sun
2 days ago
- The Sun
Man jailed for concealing over RM480,000 in Facebook investment scam proceeds
KUALA LUMPUR: A man was sentenced to one year imprisonment by the Sessions Court today after pleading guilty to transferring and concealing RM487,790 belonging to two women in connection with a fraudulent investment scheme advertised on Facebook last year. Judge Azrul Darus sentenced Marchell Jeff Lee Sin Ket, 39, to one year in prison for assisting in concealing RM314,790 belonging to Ong Boon Ian, 59, an investment company owner, in his bank account at a condominium unit in Bandar Menjalara, Sentul, between Nov 18 and Dec 12 last year. Separately, before Judge Hamidah Mohamed Deril, he was sentenced to eight months imprisonment for concealing RM173,000 belonging to Chin Lit Teng, 49, a health products company account executive, in his bank account at a condominium unit off Jalan Kuching, Taman Sri Kuching, Sentul, between Nov 7 and Dec 9 last year. He was charged under Section 424 of the Penal Code, which carries a maximum sentence of five years imprisonment, a fine, or both upon conviction. Both sentences are to run concurrently from today. According to the statement of facts, the victim had come across a stock investment advertisement while browsing Facebook and proceeded to register for the purported investment scheme. Subsequently, the victim transferred funds in stages into a bank account under the name Marchell Jeff Interior Design Haus Sdn Bhd. The scheme was later discovered to be fraudulent when the promised returns failed to materialise. Deputy public prosecutors M Saravanan and Raihanah Abd Razak appeared for the prosecution, while Lee was unrepresented.
Sinar Daily
2 days ago
- Sinar Daily
Homeless man sentenced to a year's jail for hiding over RM480,000 cash
The sentence was handed down to Marchell Jeff Lee Sin Ket, 39, after he pleaded guilty to two charges before judges Azrul Darus and Hamidah Mat Deril. A homeless man was sentenced to one year in prison by two Sessions Courts here today for hiding more than RM480,000 in cash belonging to two women, last year. KUALA LUMPUR – A homeless man was sentenced to one year in prison by two Sessions Courts here today for hiding more than RM480,000 in cash belonging to two women, last year. The sentence was handed down to Marchell Jeff Lee Sin Ket, 39, after he pleaded guilty to two charges before judges Azrul Darus and Hamidah Mat Deril. Azrul sentenced the accused to a year's jail on the first count while Hamidah sentenced him to eight months jail for the second count. Both courts ordered the jail term to run from today. A homeless man was sentenced to one year in prison by two Sessions Courts here today for hiding more than RM480,000 in cash belonging to two women, last year. According to the first charge, Lee was accused of helping to conceal RM314,790 belonging to a 59-year-old investment company owner, which he knew did not belong to him and was used for fraudulent purposes at a condominium unit in Sentul between Nov 18, 2024 and Dec 12, the same year. For the second charge, he was accused of transferring or concealing RM173,000 belonging to a 49-year-old health product company accounts executive at another condominium unit in Sentul, between Nov 7 and Dec 9, the same year. Both charges were framed under Section 424 of the Penal Code, which carries a maximum sentence of five years' imprisonment, or a fine, or both, upon conviction. Deputy public prosecutors M. Saravanan and Raihanah Abd Razak handled the prosecution while the accused was unrepresented.
New Straits Times
5 days ago
- Sport
- New Straits Times
Red-hot Aaron-Wooi Yik pocket whopping RM708,905 after stellar run
KUALA LUMPUR: High-flying Aaron Chia-Soh Wooi Yik have pocketed a whopping RM708,905 from their last four tournaments, clinching titles in three of them. The world No. 3's latest triumph came at the Super 750 Singapore Open on Sunday, where they took home a handsome US$74,000 (RM314,942). Aaron-Wooi Yik also lifted the Badminton Asia Championships title in April (RM157,438), won the Thailand Open (RM159,705) and finished runners-up at the Malaysia Masters (RM76,820). Their red-hot form could soon propel them to the world No. 1 spot, provided they maintain their consistency. Aaron has repeatedly stressed that winning titles, not chasing rankings, is their priority. "I think aiming for titles is the bigger objective. If we play well, our world ranking will automatically go up," said Aaron during the Malaysia Masters two weeks ago. "We have reached world No. 2 but never No. 1 but that is not our main aim. "Ranking doesn't give a big advantage in a very competitive doubles scene now." True to their word, the Singapore success sees their ranking points surge to 89,870. Current world No. 1 Goh Sze Fei-Nur Izzuddin Rumsani are on 91,090, while Denmark's world No. 2 Kim Astrup-Anders Skaarup Rasmussen sit on 90,411. Aaron-Wooi Yik are now just 1,200 points behind Sze Fei-Izzuddin, and a strong showing at the Super 1000 Indonesia Open, which begins on Tuesday, could finally see them crowned as the new world No. 1. Their career-best ranking remains world No. 2, achieved in January 2023.
