ALOR SETAR: Two business partners claimed trial to two charges of running a business that took deposits from the public without licence in 2015 and 2016. Ooi Kooi Lam and Loh Kim Yong, both aged 62, claimed trial after the charges were read to them by a Malay court interpreter before Sessions Court judge Sharifah Norazlita Syed Salim Idid. The second charge accused the two of the same offence at the same bank between January 2016 and December 2016. The offences are punishable under Section 137 (2) of the Financial Services Act 2013, which provide for imprisonment for a term not exceeding 10 years or to a fine not exceeding RM50mil ringgit or both if they are found guilty. Judge Sharifah Norazlita asked him how much they collected in order for her to decide on the bail amount.

Source: The Star June 11, 2019 06:22 UTC