KUALA LUMPUR, March 29 — Former investment banker, Charles Chua Yi Fuan, was sentenced to three years in jail and fined RM1 million by the Sessions Court here today for...
KUALA LUMPUR, March 29 — Former investment banker, Charles Chua Yi Fuan, was sentenced to three years in jail and fined RM1 million by the Sessions Court here today for deceiving an investor to invest in a non-existent investment scheme which caused the investor to lose RM175,000, five years ago.
Earlier, deputy public prosecutor Hashley Tajudin told the judge that the prosecution and Chua’s lawyers were amicable in asking the court to take into account the other 16 outstanding charges when passing the sentence. The section stated that in any criminal proceedings instituted by or on behalf of the public prosecutor where the accused is found guilty of an offence, the court, in determining and passing a sentence, may, with the consent of the prosecutor and the accused, take into consideration any other outstanding offence or offences which the accused admits to having committed.
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Former banker gets three years jail, RM1mil fine for deceiving investorKUALA LUMPUR: Former investment banker Charles Chua Yi Fuan was sentenced to three years in jail and fined RM1 million by the Sessions Court here t for deceiving an investor to invest in a non-existent investment scheme which caused the investor to lose RM175,000 five years ago.
Read more »