Man charged with giving a loan without a moneylending licence

 

The former clerk pleaded not guilty in the sessions court to the charge of providing a loan of RM158,120.

KUALA LUMPUR: A former clerk pleaded not guilty in the sessions court here today to a charge of conducting a moneylending business without a licence.

Yap Chee Siang, 25, was charged with committing the offence since April last year, during which he was alleged to have provided a loan of RM158,120 to one Wong Chiew Ken, 34, in Bandar Baru Sentul here between April 1, 2021 and Sept 19.

The charge, framed under Section 5 (2) of the Moneylenders Act 1951, provides a maximum fine of RM1 million or imprisonment for up to five years, or both, if found guilty.

Judge Bakri Abd Majid allowed Yap bail of RM30,000 with one surety and also ordered him to surrender his passport to the court.

He set Feb 7 for mention.

Deputy public prosecutor Hanis Anisha Jamilludin prosecuted, while Yap was represented by lawyer Abdul Rahman Zainal Abidin. - FMT