An insurance agent pleaded not guilty at the Sessions Court today to a charge of cheating a man by allegedly posing as a director of a financial management company and inducing the victim to part with RM900,000.
The accused, Teong Chooi Tim, 33, is alleged to have deceived a 33-year-old man into believing that he was a company director and promised high investment returns, leading the victim to transfer RM900,000 as business capital.
According to the charge, the victim made 31 money transfers into 17 different bank accounts between November 25 and December 22, 2023 — transactions he would not have carried out had he not been misled. The alleged offence took place at a residential unit along Persiaran Alam Damai, Cheras.
Teong was charged under Section 420 of the Penal Code, which carries a maximum sentence of 10 years’ imprisonment, whipping and a fine upon conviction.
Deputy Public Prosecutor Batrisyia Mohd Khusri proposed bail at RM50,000 with two sureties, along with conditions that the accused surrender his passport and report regularly to the nearest police station.
However, defence counsel Ng Mei Yi requested a lower bail, citing her client’s financial constraints, chronic illness, and responsibility for his elderly father’s medical expenses.
Judge Norma Ismail granted bail of RM10,000 with one surety, imposed the additional conditions sought by the prosecution, and fixed January 27 for case mention.
