Man jailed 3 years for bogus investment scheme to cheat retiree of RM50,000

Kuching Court Complex (File Photo)

By Dorcas Ting

KUCHING, Nov 24: Magistrate’s Court here sentenced an unemployed man to three years in jail for using Rakyat 1 Malaysia Investment Scheme that never exists to cheat a retiree of RM50,000.

Liew Ngit Chong, 60, pleaded guilty to the charge framed.

Magistrate Mohd Syukri Mokhtar sentenced him to three years imprisonment.

The accused, together with two others who are still at large, had cheated Hee Choon Fah, 76, by deceiving him to believe that they can arrange to process the application to obtain the BR1M welfare assistance from the government, by dishonestly induced him to give RM50,000, inside a car parked near a coffee shop in Kota Sentosa Bazaar on July 30, 2014 at about 9.10am.

Liew was charged under Section 420 of the Penal Code and read together with Section 34 of the same Code, which carries imprisonment between one year and 10 years with whipping and liable to fine, upon conviction.

According to the brief facts of the case, two men approached the victim and offered to help him to process BR1M welfare assistance of RM650 per month. They also offered the accused with Rakyat 1 Malaysia Investment Scheme where the victim needs to invest RM1,000 and the return will be doubled of the amount invested.

Prosecuting Officer Mohd Adzmei Ahmad prosecuted while the accused is unrepresented. — DayakDaily