Latest news with #RM496
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New Straits Times
6 days ago
- Business
- New Straits Times
MARKET PULSE AM JULY 17, 2025 [WATCH]
KUALA LUMPUR: News on the latest moves on the stock and crypto markets. iCents Group made a strong debut on Bursa Malaysia's ACE Market, opening at 29 sen, a five sen or 21 per cent premium over its initial public offering (IPO) price of 24 sen. The counter was the most actively traded stock at market open, with over 58 million shares changing hands. Bursa Malaysia opened slightly higher, taking cue from Wall Street's positive overnight performance. The index is expected to hover within the 1,500 to 1,510 range. In the cryptocurrency market, Bitcoin fell to RM496,081. Meanwhile, Ethereum rose to RM14,059 and Solana edged up to RM722. That's it for Market Pulse.
Sinar Daily
02-07-2025
- Sinar Daily
Businessman fined RM300,000 for cheating Socso over non-existent courses
Judge Suzana Hussin meted out the sentence on P. Sathia Seelan, 52, after he pleaded guilty to all 10 charges during the case mention today. 02 Jul 2025 04:22pm A businessman was fined RM300,000 by the Sessions Court here today, after he pleaded guilty to 10 counts of cheating Socso, involving RM496,000 for non-existent training courses, five years ago. KUALA LUMPUR - A businessman was fined RM300,000 by the Sessions Court here today, after he pleaded guilty to 10 counts of cheating the Social Security Organisation (Socso), involving RM496,000 for non-existent training courses, five years ago. Judge Suzana Hussin meted out the sentence on P. Sathia Seelan, 52, after he pleaded guilty to all 10 charges during the case mention today. The court imposed a RM30,000 fine for each charge, totalling RM300,000, and ordered the man to be jailed for 10 months if he fails to pay the fine. According to the first to 10th charges, Sathia Seelan was accused of deceiving two Socso officers by submitting documents containing falsified attendance lists and participant signatures for three training courses that were never conducted. The offences, involving five companies, were allegedly committed between Dec 4, 2020, and July 22, 2021. It prompted Socso to make a payment of RM496,000 to Global Education Network Sdn Bhd, owned by the accused, which the agency would not have done if it had not been deceived. He was charged with committing the offences at the Employment Services Division, Menara Perkeso, Putrajaya, between Dec 23, 2020, and Aug 12, 2021. The charges were framed under Section 417 of the Penal Code, which carries a penalty of up to five years' imprisonment, a fine, or both, upon conviction. In the same proceedings, R. Nanthagopal, 43, was also fined RM300,000 or 10 months' jail, after pleading guilty to abetting Sathia Seelan in committing the offences at the same location and time. The charge was framed under Section 417 of the Penal Code, read together with Section 109 of the same law, which provides for a maximum sentence of five years' imprisonment, a fine, or both. Earlier, deputy public prosecutor Noor Syazwani Mohamad Sobry urged the court to impose a sentence which would serve as a deterrent, ensuring both accused do not repeat such offences. Lawyer R. Babu Naidu, representing both accused, pleaded for a lighter sentence on the grounds that his clients had expressed remorse and had fully cooperated with the police and the Malaysian Anti-Corruption Commission (MACC) throughout the investigation since 2023. - BERNAMA More Like This
The Star
02-07-2025
- The Star
Businessman fined RM300,000 for cheating Perkeso over non-existent courses
KUALA LUMPUR: A businessman was fined RM300,000 by the Sessions Court here after he pleaded guilty to 10 counts of cheating the Social Security Organisation (Perkeso) involving RM496,000 for non-existent training courses, five years ago. Judge Suzana Hussin meted out the sentence on Wednesday (July 2) on P. Sathia Seelan, 52, after he pleaded guilty to all 10 charges during the case mention. The court imposed a RM30,000 fine for each charge, totalling RM300,000, and ordered the man to be jailed for 10 months if he fails to pay the fine. According to the first to 10th charges, Sathia Seelan was accused of deceiving two Perkeso officers by submitting documents containing falsified attendance lists and participant signatures for three training courses that were never conducted. The offences, involving five companies, were allegedly committed between Dec 4, 2020, and July 22, 2021. It prompted Perkeso to make a payment of RM496,000 to Global Education Network Sdn Bhd, owned by the accused, which the agency would not have done if it had not been deceived. He was charged with committing the offences at the Employment Services Division, Menara Perkeso, Putrajaya, between Dec 23, 2020, and Aug 12, 2021. The charges were framed under Section 417 of the Penal Code, which carries a penalty of up to five years' imprisonment, a fine, or both, upon conviction. In the same proceedings, R. Nanthagopal, 43, was also fined RM300,000 or 10 months' jail, after pleading guilty to abetting Sathia Seelan in committing the offences at the same location and time. The charge was framed under Section 417 of the Penal Code, read together with Section 109 of the same law, which provides for a maximum sentence of five years' imprisonment, a fine, or both. Earlier, deputy public prosecutor Noor Syazwani Mohamad Sobry urged the court to impose a sentence which would serve as a deterrent, ensuring both accused do not repeat such offences. Lawyer R. Babu Naidu, representing both accused, pleaded for a lighter sentence on the grounds that his clients had expressed remorse and had fully cooperated with the police and the Malaysian Anti-Corruption Commission (MACC) throughout the investigation since 2023. - Bernama
The Sun
02-07-2025
- The Sun
Businessman fined RM300k for cheating Perkeso with fake courses
KUALA LUMPUR: A businessman was fined RM300,000 by the Sessions Court today after admitting to 10 counts of cheating the Social Security Organisation (Perkeso) by claiming payments for training courses that never took place. Judge Suzana Hussin imposed the penalty on P. Sathia Seelan, 52, who pleaded guilty to all charges. The court ordered a RM30,000 fine for each offence, totalling RM300,000, with a 10-month jail term if he fails to pay. The charges stated that Sathia Seelan submitted falsified attendance lists and participant signatures for three non-existent courses between December 2020 and July 2021. This led Perkeso to disburse RM496,000 to his company, Global Education Network Sdn Bhd. The offences were committed at the Employment Services Division, Menara Perkeso, Putrajaya, under Section 417 of the Penal Code, punishable by up to five years' jail, a fine, or both. In the same case, R. Nanthagopal, 43, was fined RM300,000 or 10 months' jail for abetting Sathia Seelan. Deputy public prosecutor Noor Syazwani Mohamad Sobry sought a deterrent sentence, while defence lawyer R. Babu Naidu appealed for leniency, citing his clients' cooperation with authorities.
New Straits Times
02-07-2025
- New Straits Times
Businessman and accomplice each fined RM300,000 for cheating Perkeso
KUALA LUMPUR: A businessman was today fined RM300,000 by the Sessions Court after pleading guilty to 10 charges of cheating Perkeso (Social Security Organisation) out of RM496,000 through fictitious training programmes five years ago. Judge Suzana Hussin handed down the sentence to P. Sathia Seelan, 52, after he admitted to all alternative charges during case mention today (July 2). The court ordered him to serve 10 months in jail if he failed the pay. On all charges, Sathia was found to have cheated two Perkeso officers by submitting a document, which bore the name list of participants and their signatures, for three training courses that were never conducted. Sathia's actions induced Perkeso to disburse RM496,000 to his company, Syarikat Global Education Network Sdn Bhd. He committed the offence at the Perkeso office in Putrajaya between Dec 23, 2020 and Aug 12, 2021. The charges under Section 417 of the Penal Code carries a maximum five-year jail term or a fine or both upon conviction. In the same proceedings, Sathia's accomplice friend, R. Nanthagopal, 43, was fined RM300,000 in default 10 months' jail after pleading guilty to conspiring with the former to commit the same offence at the same date and place. He was charged under Section 417 of the code, read together with Section 109. Deputy public prosecutor Noor Syazwani Mohamad Sobry urged the court to impose a proportionate sentence as deterrent. In mitigation, lawyer R. Babu Naidu, who acted for both accused, pleaded for leniency. "They are repentant and had given their cooperation to the police and Malaysian Anti-Corruption Commission throughout the investigation since 2023," he said.
