Company director charged with receiving deposits without licence

PETALING JAYA: A company director was charged in the sessions court here today with receiving RM16,209,600 in deposits without a licence and posing as a 'Datuk', four years ago.
Kok Chee Boon, 35, claimed trial to all the charges.
Aside from allegedly receiving deposits unlawfully, as charged under Section 137(1), punishable under Section 137(2) of the Financial Services Act 2013, he is also accused of presenting himself to Lee King Loong, 30, as "Dato' Dave Kok Chee Boon", as charged under Section 419 of the Penal Code.
The offences were allegedly committed between April 2014 and November 2015 at No 12A, Jalan PJU 3/45, Sunway Damansara Technology Park and UOB Bank, Kota Damansara and Hong Leong Bank Perdana The Place in Damansara Perdana.
Judge Mabel S. Muttiah set RM55,000 as bail and ordered the accused to surrender his passport to the court as well as to report to the Kota Damansara police station, pending disposal of the cases.
The court also set Mar 12 for remention.
Earlier, deputy public prosecutor Hafizatul Ifa Ab Razak from the Commercial and Cyber Crime Unit objected to bail, submitting that offences under the financial services act were non bailable, but that additional conditions be imposed should the court allow bail.
Counsel S. Subramaniam mitigated for bail submitting that the accused had to support his elderly parents and a 25-year-old sister. — Bernama