Latest news with #Section424
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.
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.
New Straits Times
02-05-2025
- New Straits Times
RM4.3mil lost to online scams in Sandakan from January to April
SANDAKAN: Sandakan police recorded 54 online fraud cases involving losses of RM4.3 million between January and April this year. District police chief Assistant Commissioner Ahsmon Bajah said online fraud continues to rise and has become one of the main crimes affecting victims from various backgrounds, including professionals, businessmen and retirees. "For 2024, a total of 170 cases have been reported, with significantly higher losses amounting to RM23,062,232.60. "The majority of victims were individuals aged between 31 and 50, with 61.11 per cent being men and 38.89 per cent women," he said in a media statement today. He said police are taking the issue seriously and urged the public to be more cautious and not to carelessly provide bank account information to third parties. "Providing a bank account to others, whether willingly or through deception, can result in a person becoming a mule account holder. "Individuals convicted of this offence can be investigated under Section 424 of the Penal Code, which carries a fine of between RM10,000 and RM100,000, imprisonment of one to seven years, or both," he said. Meanwhile, he said police will continue investigations and monitoring to prevent the crime from spreading further, and urged the public to always exercise caution when conducting online transactions.
Free Malaysia Today
02-05-2025
- Free Malaysia Today
Man charged with ‘concealing' RM98,000 in bank account
The Kuala Lumpur sessions court was told that Hazwan Wook Baharudin has been charged with similar offences in Penang and Kajang. (Reuters pic) KUALA LUMPUR : A project executive was charged in the sessions court here today with assisting in 'concealing' a sum of RM98,000 belonging to another person and transferring it to his own account. Hazwan Wook Baharudin pleaded not guilty to the charge of fraudulent concealment of property under Section 424 of the Penal Code before judge Azrul Darus. The offence allegedly took place on Feb 26 at Jalan Klang Lama here. If found guilty, Hazwan could face up to five years in jail, a fine, or both. Deputy public prosecutor M Saravanan asked the court to impose bail of RM40,000 in one surety on Hazwan. However, lawyer Khairul Hazwan Rashid pleaded for a lower amount, saying the accused was also a 'victim' in this situation as he had been duped into opening the bank account involved. 'He fell victim to a Singapore job scam, and this bank account was opened for the purpose of receiving 'salaries' (for the allegedly non-existent job),' Khairul claimed. He said Hazwan has been charged with similar offences in the Penang and Kajang sessions courts. Azrul granted bail of RM10,000 in one surety and fixed June 9 for the next case management.
New Straits Times
02-05-2025
- New Straits Times
Project executive pleads not guilty to concealing RM98k in his account
KUALA LUMPUR: A project executive pleaded not guilty at the Sessions Court today to a charge of fraudulently concealing RM98,000 that did not belong to him in February. Muhammad Hazwan Wook Baharudin, 33, entered his plea before Sessions Court judge Azrul Darus. He was accused of fraudulently concealing the money, which had been banked into his account but was actually the property of a 27-year-old accountant. The offence was allegedly committed at a condominium in Jalan Klang Lama, Brickfields, on Feb 26. The charge, framed under Section 424 of the Penal Code, carries a maximum sentence of five years' imprisonment, a fine, or both upon conviction. Deputy public prosecutor M. Saravanan proposed bail of RM40,000 in one surety. In mitigation, lawyer Khairul Hazwan Rashid Mohd Redduan said that the proposed sum was too high for his client, who is married with two young children and earns RM3,000 a month. "He is a victim of a non-existent job scam in Singapore. He was misled into opening an account to receive his salary from the job agency. "Previously, he was charged in a Penang court and granted RM11,000 bail for the same offence. On April 30, he was also charged at the Kajang Court and fined RM3,200. "After the Kajang case concluded, he was taken to the Brickfields district police headquarters to provide a statement for this case. "He has cooperated fully and is not a flight risk. I request a minimal bail amount," he said. He added that his client is the eldest child in his family and is responsible for covering the medical expenses and medication costs of his elderly parents. Judge Azrul set bail at RM10,000 in one surety and fixed June 9 for mention.
