Investment repayment case: 74-year-old man pleads not guilty to cheating businessman friend of RM500,000

KUALA LUMPUR, Oct 22 — A 74-year-old man pleaded not guilty today in the Sessions Court to charges of cheating a friend of RM500,000 over the repayment of an investment in a health food company 16 years ago. years.

Ch’ng Kee Guan, 74, was accused of cheating businessman Chang Seng Kooi, 53, into giving the latter a bank check for RM500,000 from an account that had been closed for the repayment of an investment in Wisma Zelan, Cheras, here in March. 2, 2008.

The charge, made under Article 420 of the Penal Code, carries a prison sentence of up to 10 years with flogging and may be fined upon conviction.

Justice Hamidah Mohamed Deril granted Ch’ng, represented by lawyer Manjit Singh, bail of RM10,000 with one surety and set a date of November 27 for mention. — Bernama