THREE CHARGED WITH CHEATING BUSINESSMAN OF RM2.4 MILLION IN CRYPTOCURRENCY SCAM

NUR NATASHA AIDA ISMAIL

SEREMBAN, March 19 (Bernama) -- Three men including two brothers claimed trial at the Seremban Sessions Court today to a charge of cheating a businessman in connection with a cryptocurrency investment involving losses of more than RM2.4 million.

The accused, comprising Koh Chee Choong, 45, his brother Koh Chee Wai, 40, and their friend Chan Cheh Shin, 51, a Singaporean, made their pleas before Justice Maimunah Aib.

The elder Koh is a director of Fulda, a company, while his brother is a businessman, and Chan is a company director.

The three men are accused of committing the offence between April 4 and Aug 6, 2018 at a bank in Seremban. They are alleged to have cheated the victim, Chai Koon Shong, 44, by duping him into depositing cash totalling RM2.4 million in stages, into six different bank accounts of companies owned by the two siblings. The companies are Fulda Malaysia Berhad, Fulda Automative, Travel Sdn Bhd and Vitcomex Sdn Bhd.

The accused have been charged under section 420 of the Penal Code, read together with section 34 of the same code. The offence carries a penalty of imprisonment of not less than one year and not exceeding 10 years, with whipping and the possibility of a fine.

All three men were allowed bail of RM25,000 on two sureties, and their passports have been surrendered to the court. The next case mention is on May 5.

-- BERNAMA 

Tags: court, cheating, cryptocurrency, cash, Seremban