Single mother charged with receiving deposits for investments without valid licence
11 Jul 2023 04:03pm
Picture for illustrative purposes - FILE PIX
The woman pleaded not guilty to both charges.
In the court before Judge Mohd Sabri Ismail, Noryani Abdullah, 56, was charged with receiving RM249,500 in investment deposits, which were deposited into her (Noryani) bank account, without a valid licence from one Fatimah Abdullah, 61.
She was alleged to have committed the offence at a bank in Jalan Hang Tuah here between Jan 8 and Oct 26.2020.
The judge set bail at RM25,000 with one surety.
Meanwhile, in the court before Judge Darmafikri Abu Adam, the woman was charged with committing a similar offence by receiving investment deposits amounting to RM331,500, which was deposited into her personal account without a valid license.
Noryani, who has six children, was alleged to have committed the offence at a bank in Jalan Hang Tuah here between Feb 16 and Sept 24, 2021.
She was allowed bail of RM20,000 with one surety and also ordered to surrender her passport to the court, as well as report herself at a police station once a month.
Both the charges against Noryani, represented by lawyer Andrew Lourdes, were framed under Section 137(1) of the Financial Services Act which provides imprisonment for up to 10 years, or a maximum fine of RM50 million, or both, if found guilty.
Both courts set Aug 11 for mention.
Deputy public prosecutors Puteri Nur Nadia Mohamed Iqbal and Aliff Asraf Anuar Sharuddin prosecuted - BERNAMA
