If convicted, the former clerk faces a maximum fine of RM1 million or imprisonment for up to five years, or both.
KUALA LUMPUR: A former clerk pleaded not guilty in the sessions court here today to a charge of conducting a moneylending business without a licence.
Yap Chee Siang, 25, was charged with committing the offence since April last year, during which he was alleged to have provided a loan of RM158,120 to one Wong Chiew Ken, 34, in Bandar Baru Sentul here between April 1, 2021 and Sept 19.
The charge, framed under Section 5 (2) of the Moneylenders Act 1951, provides a maximum fine of RM1 million or imprisonment for up to five years, or both, if found guilty.
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Judge Bakri Abd Majid allowed Yap bail of RM30,000 with one surety and also ordered him to surrender his passport to the court.
He set Feb 7 for mention.
Deputy public prosecutor Hanis Anisha Jamilludin prosecuted, while Yap was represented by lawyer Abdul Rahman Zainal Abidin.