SHAH ALAM: A businessman was charged at the Sessions Court here yesterday with three counts of cheating a company director of RM1.1 million involving an investment on an iron ore business in Sumatera, Indonesia.
Wong Lee Wah, 58, from Taman Sri Andalas, Klang pleaded not guilty after the charges were read to him before Judge Aslam Zainuddin.
Wong was charged with cheating Chin Kin Phen, 62, into believing that he (Wong) could manage the iron ore business in Sumatera, prompting Chin to bank in RM100,000 and later RM700,000 into his (Wong’s) CIMB Bank account.
Wong was alleged to have commited the offence at EON Bank in Jalan Kapar, Klang, on Aug 9, 2010 and Aug 23, 2010.
He was also charged with cheating Chin with the same excuse which prompted Chin to give him a cash cheque of RM300,000 on July 2, 2010.
The offence under Section 420 of the Penal Code carries a maximum jail term of 10 years, whipping and fine upon conviction.
Deputy public prosecutor Faten Hadni Kamaruddin proposed to the court that the bail should be set at RM200,000 and that Wong’s passport should be surrendered to the court until the case was solved.
Wong, who was not represented, requested that the bail be reduced as he had already returned RM300,000 to Chin.
“We are both businessmen and he (Chin) knew the business was losing money. It’s not just him, I personally suffered RM1.1 million in losses,” he said.
Aslam then set bail at RM100,000 with one surety and ordered Wong to surrender his passport to the court. — Bernama