KLANG: Three investment agents were charged in the Magistrate’s Court here today with a total of 56 counts of cheating by offering investment which did not exist to seven individuals, involving losses of RM172,390.
K.Barkathunnisa, 35, and S.Yogeswaran, 34, were jointly charged with 47 counts of cheating, while V.Lavitha, 23, faced nine charges.
However, no plea was recorded after the charges were read to them before Assistant Registrar Mohd Aphis Zainal Abidin (rpt: Aphis).
They were charged with deceiving seven individuals into making investments, which actually did not exist, and dishonestly induced the victims to hand them RM172,390.
Barkathunnisa, Yogeswaran and Lavitha were alleged to have committed the offence at several locations in the Klang Valley between March 25 and May 31 this year.
The charge, under Section 420 of the Penal Code, provides an imprisonment for up to 10 years and with whipping and shall also be liable to fine, if found guilty.
Barkathunnisa and Yogeswaran were released on bail of RM20,000 in one surety for all charges each and their case was set for mention on Aug 11.
Lavitha was allowed bail of RM15,000 for all charges and the case was set for mention on Aug 18.
The prosecution was conducted by prosecuting officer ASP S. Elangovan, while lawyer Paul Selvam represented Barkathunnisa and Yogeswaran, and Lavitha by lawyer Lim Yoi Ping.
– BERNAMA