TAIPING: Two businessmen, both with the title “Datuk”, pleaded not guilty in the sessions court here today to a charge of illegal-deposit taking, totalling RM51,673, from an investor.
Datuk M. Pandeyan, 57, and Datuk Ameer Noraizeedin Abdul Wahab, 49, made the plea before High Court deputy registrar Suhaima Mohd Noor, who sat as a sessions court judge.
The two men were jointly charged with accepting a deposit of RM47, 273 without a valid licence from R. Subramaniam, 54, at the Taiping branch of the Public Bank between July 23 and Aug 18, 2015.
Pandeyan also pleaded not guilty to another charge, with accepting a deposit of RM4,400 without a valid licence from one A. Joseph Shanmugan, 49, on April14, 2016, at 3.16pm at the same place.
Both the charges were made under Section 137(2) of te Financial Services Act which provides for an imprisonment of up to 10 years, or a fine of up to RM50 million, or both, if found guilty.
The court allowed Pandeyan bail of RM9,000 with two sureties on both charges, while Ameer Noraizeedin was allowed bail at RM6,0000 in one surety.
The court set Feb 15 for mention.
The prosecution was conducted by deputy public prosecutor Sariza Ismail, while lawyer Md Yunos Shariff represented Pandeyan. Ameer was unrepresented. — Bernama
