Wednesday, March 20

Moneylenders charged with giving loans at unauthorised location


KUALA LUMPUR: Four moneylenders pleaded not guilty at the Magistrate’s Court here yesterday to 16 charges of giving out loans at an unauthorised location, to eight borrowers. Wan Masithoh Wan Hussin, 29, Tan Tyh Bin, 27, Sue Perng Chee, 29, and A. Paranitaran were charged with giving loans to the borrowers not at their office, Centosa CT Factors Sdn Bhd.

They were charged under Regulation 15, of the Moneylenders Act 1951 which was punishable under Regulation 17 (1) of the same act, which carried a fine of RM10,000 or 12 months jail or both, if found guilty.

They also pleaded not guilty to 16 charges of failing to provide copies of agreements which had been stamped to be handed to the borrowers although they were aware the stamped agreement must be given to the borrowers before the loans were given.

For this offence, all the accused were charged under Section 16 (2) of the Moneylenders Act 1951 and could be punished under Section 16 (2) of the act which carried a fine of RM10,000 or 12 months jail or both if found guilty.

They were charged with carrying out the offences at No: 26-1, Jalan Dwitasek 2, Dataran Dwitasik, Bandar Sri Permaisuri, near here, between September 2012 until March 16, 2013.

Earlier, Deputy Public Prosecutor Tan Siew Ping offered bails of RM5,000 in one surety on every charge faced by all the accused.

Counsels Mohamad Mohd Faiz Iskandar and Mohd Shamril Afzan Mohamed Hasim who represented all the accused asked for minimum bail as they had family responsibilities.

Majistrate Saiful Akmar Said allowed all the accused to a RM3,000 bail in one surety for each charge they faced, and fixed April 26 for mention. — Bernama